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    3 Oxford Way Somerset, KY 42503

    For Sale
    $250,000

    Prime 1.03-acre lot, ideal for medical or rental development.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 1.03-acre parcel presents a unique investment opportunity in Somerset, Kentucky. Situated on a hospital campus, this property offers unparalleled convenience and visibility, making it perfect for the development of a medical office building or other high-demand rental property. The location provides immediate access to a substantial patient base and a thriving community. All essential utilities are readily available, including sewer, gas, electric, and water connections, simplifying the construction process and minimizing upfront costs. The expansive lot size allows for ample building space and potential for future expansion. This is a rare chance to acquire land in a high-growth area with established infrastructure and significant potential for strong returns. The strategic location on the hospital campus ensures high traffic and visibility, attracting a diverse range of potential tenants. This property is zoned for commercial development and is ready for immediate development. Don't miss this exceptional opportunity to secure a prime piece of real estate in a rapidly developing area of Somerset. The asking price of $250,000 reflects the significant value and potential of this exceptional property.

    Property Features for 3 Oxford Way

    General Information

    Property type
    Other commercial real estate
    Lot Size
    44,867 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Wholesale Shop Accounting Firm Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Pulaski
    State
    Kentucky
    Longitude
    -84.62347
    Latitude
    37.08425

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 1.03-acre lot, ideal for medical or rental development.
    Where is this commercial real estate located?
    The property is located at 3 Oxford Way Somerset, KY.
    What is the asking price?
    The asking price for this property is $250,000.
    (859) 278-7501
    Request Owner's contact information
    3 Oxford Way Somerset, KY 42503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3 Oxford Way Somerset, KY 42503
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