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Flex Building with Roll-Up Doors
For Lease
$3,900/Mo

480 University Drive, Somerset, KY 42503

A mixed-use layout pairs finished living quarters with substantial room for storage, inventory, display, or workstations.

Space Size6,000 SF
Days on Market781

Property Features for 480 University Drive

General Information

Standard status Active
Size 6,000 SF
Net Rentable 6,000 SF
Zoning Commercial

Space & Availability

Available Space 6,000 SF
Contiguous Space 6,000 SF
Space Use Showroom

Amenities

blacktop parking
14 foot roll up garage doors
beautiful wood finishes
stainless steel appliances

Building Details

Building Size 6,000 SF
Year Built 2016
Listing Agency: Eagle Realty & Development LLC
Listed By: Jill Haseotes
Source: Bluegrasspropertiesgroup
Added: Sep 2, 2024 Changed: Oct 22 Last Checked: Oct 22 at 2:29PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eagle Realty & Development LLC

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Investment Insights

Based on property information with market context.

This 6,000-square-foot flex building, completed in 2016, combines 2,000 square feet of finished living quarters with 4,000 square feet of additional space. The residential-style area includes a bedroom, office, full bathroom, gathering area, and kitchen with stainless steel appliances. Wood finishes are present in the living quarters. Roll-up garage doors measuring 14 feet are located at both ends of the building, and blacktop parking is available for personal and business use.

The property is across from Pulaski County High School and near downtown Somerset. It is also close to Hwy 80, Hwy 27, and Hwy 461, with Lee’s Ford Marina and the lake a 12-minute drive away.

Key Highlights

  • 6,000‑square‑foot building completed in 2016
  • 2,000 square feet of living quarters plus 4,000 square feet of additional space
  • 14‑foot roll‑up garage doors at both ends of the building

Property Analytics

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Current Use

Somerset Warehouse & Commerce ... Warehouse & Storage Phoenix Preferred Care Crisis Center Hartmann Marine Group (Bike/Boat/Book/etc) Store Patriot Commodities Building Supply Wreckless Motorsports of KY ... Auto Parts Store

Suggested Use

Top Pick Restaurant Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom Bakery Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.17 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

177
Businesses Nearby
Balanced
Demand for This Use

Demographics for 42503, KY

24,670
Population
11,588
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
85%
High-School Grad
129.5 sq mi
ZIP Area
191
Density / Sq Mi
$53,377
Median Household Income
$35,319
Median Earnings
$873
Median Rent
$198,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - A mixed-use layout pairs finished living quarters with substantial room for storage, inventory, display, or workstations.
Where is this flex space located?
The property is located at 480 University Drive Somerset, KY.
What is the lease rate?
The lease rate is $3,900/Mo.
What are key features of this property?
This property features: 6,000‑square‑foot building completed in 2016; 2,000 square feet of living quarters plus 4,000 square feet of additional space; 14‑foot roll‑up garage doors at both ends of the building
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