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450 Highway 27 S Somerset, KY 42501

For Sale
$2,900,000

2.3 AC site with income streams on Highway 27.

Source: Zach Smith, CCIM Agent Zach Smith, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Highway 27 Commercial Property

The property features approximately 2.3 acres with direct frontage and access to South Highway 27 in Somerset, Kentucky. It includes an approximately 16,500 square foot freestanding, multi-tenant retail building and an approximately 3,000 square foot flex/garage building located at the rear of the site. A ground lease is in place with an auto tenant on a pad site. The site offers approximately 233 feet of direct frontage on Highway 27 and is adjacent to Advance Auto Parts and Tradewinds Center, which is anchored by Roses and Ace Hardware. The current gross operating income is $165,600. The property is zoned commercial and presents value-add and redevelopment potential, both short and long term. Somerset is located on US Hwy 27, 73 miles south of Lexington, Kentucky and 129 miles north of Knoxville, Tennessee. Somerset serves a regional trade area population of 195,000 plus. Lake Cumberland also provides considerable tourist/weekend shoppers.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Hertz car rental Gas Station Yellow Bird Bakery Bakery Lemonjuice McGee's Comic ... Comic Book Store Superior Market Grocery Store Intoxalock Ignition Interlock Safety Equipment Supplier

Suggested Use

Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Kitchen & Bath HVAC Service

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

Location Insight

  • Map
  • Local Demand
City
Somerset
County
Pulaski
State
Kentucky
Longitude
-84.629719
Latitude
37.147952

FAQs

What type of property is this?
Shopping center - 2.3 AC site with income streams on Highway 27.
Where is this shopping center located?
The property is located at 450 Highway 27 S Somerset, KY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: - Income-producing property with a current Gross Operating Income of $165,600 and multiple revenue streams.; - +/-2.3 AC site featuring a +/-16,500 SF multi-tenant retail building and a +/-3,000 SF flex/garage building.; - **Excellent location with +/-233' of direct frontage on Highway 27 in Somerset, Kentucky.**
More about this property
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