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    130 Venture Way Somerset, KY 42503

    For Sale
    $1,500,000

    Large Commercial Building, High-Growth Area

    Property size:
    16,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property, located at 130 Venture Way in Somerset, Kentucky, offers over 16,000 square feet of versatile space. The building sits on a 1.4-acre lot encompassing three separate parcels. Approximately 12,000 square feet have undergone a beautiful renovation in 2020, featuring multiple flexible spaces ideal for various business needs. These renovated areas include several private offices, a well-equipped kitchen, and separate restrooms for men and women, plus a private restroom. An additional approximately 4,000 square feet of unfinished space provides significant potential. This area is perfect for storage, warehouse operations, or future expansion to suit specific business requirements. The property's prime location in a growing area of Somerset offers excellent visibility and accessibility, making it an attractive opportunity for a wide range of commercial enterprises. The asking price for this substantial property is $1,500,000. This presents a unique chance to acquire a well-maintained, adaptable commercial building with significant expansion possibilities in a thriving Kentucky market. The combination of renovated and unfinished space offers flexibility for immediate occupancy and future growth.

    Property Features for 130 Venture Way

    General Information

    Property type
    Other commercial real estate
    Square Feet
    16,000 SF
    Lot Size
    60,984 SF

    Building Details

    Year Built
    2007
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    One27 House of Prayer Church SFI Finest Fragrance Flavours Fragrances And Aroma Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Pulaski
    State
    Kentucky
    Longitude
    -84.63055
    Latitude
    37.05415

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    FAQs

    What type of property is this?
    Commercial real estate - Large Commercial Building, High-Growth Area
    Where is this commercial real estate located?
    The property is located at 130 Venture Way Somerset, KY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (606) 451-1021
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    130 Venture Way Somerset, KY 42503
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    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
    130 Venture Way Somerset, KY 42503
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