Renovated Retail Center on US
For Sale
Contact for pricing
2835 S Highway 27, Somerset, KY 42503
Recently renovated 293,613 SF retail center with excellent visibility.
Property Size293,613 SF
Days on Market186
Property Features for 2835 S Highway 27
General Information
Standard status
Active
Size
293,613 SF
Listing Agency:
NAI Isaac
(859) 420-2200
Listed By:
Paul Ray Smith, Jr · License #KY #183529
(859) 420-2200
Source:
Naiglobal
Added: Jan 27
Changed: Jul 6
Last Checked: Aug 1 at 4:45AM
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 NAI Isaac
Investment Insights
Based on property information with market context.
Grand Central Place is a recently renovated 293,613 SF retail shopping center offering spaces from 1,000 SF and up. The property benefits from excellent visibility and access from US Highway 27, which sees +26,818 vehicles per day. Monument signage is available for anchor tenants. The center is anchored by Hobby Lobby, Dunham Sports, and TJ Maxx. Planet Fitness and Ollie's Bargain Outlet are now open. The property is professionally managed and features creative and aggressive ownership. Located in Somerset on US Hwy 27, Grand Central Place is 73 miles south of Lexington, Kentucky, and 129 miles north of Knoxville, Tennessee. Somerset is located at the convergence of Knox, Laurel, and Whitley Counties and serves a regional retail trade area population of over 255,000. Lake Cumberland also provides considerable tourist and weekend shoppers; 3.9 million people visited Lake Cumberland in 2011.
Key Highlights
- Anchored by Hobby Lobby, Dunham Sports, and TJ Maxx, attracting significant customer traffic.
- Excellent visibility and access from US Highway 27 (ADT +26,818).
- Below market rental rates and flexible lease terms.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
330k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 24%
Groceries 12%
Home Improvements & Furnishings 1%
Kroger
Groceries
39,435 visits/mo
0.1 miles
McDonald's
Dining
38,503 visits/mo
0.2 miles
Culver's
Dining
22,012 visits/mo
0.4 miles
Wendy's
Dining
21,439 visits/mo
0.1 miles
Speedway
Shops & Services
19,582 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Recently renovated 293,613 SF retail center with excellent visibility.
Where is this shopping center located?
The property is located at 2835 S Highway 27 Somerset, KY.
What are key features of this property?
This property features: Anchored by Hobby Lobby, Dunham Sports, and TJ Maxx, attracting significant customer traffic.; Excellent visibility and access from US Highway 27 (ADT +26,818).; Below market rental rates and flexible lease terms.
