Highway Frontage Retail/Office
3271 S Hwy 27 Somerset, KY 42501
For Sale
$599,000
Pending
COMMERCIAL - Somerset, KY
Property Size3,050 SF
Lot Size0.66 Acres
Days on Market1002
Property Features for 3271 S Hwy 27
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking
20
Standard status
Pending
APN
062-2-1-46
Size
3,050 SF
Lot size
0.66 Acres
Building Details
Year built
1970
Floors in Building
1
Building materials
Brick
Roof type
Composition
Listing Agency:
CENTURY 21 Advantage Realty
(606) 451-1021
Listed By:
Kenneth C Ford · License #5204
(606) 425-6970
Added: Oct 31, 2023
Changed: May 14
Last Checked: Jul 28 at 8:06AM
MLS# 23021095
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property is located on South Highway 27 in Somerset, KY. The property features 140 feet of frontage on Highway 27 and is situated on a 0.66-acre lot. The existing structure is a 3,100 square foot brick and stone house that offers retail or office opportunities. Additionally, there is an attached 900 square foot garage and storage space. The property includes a billboard that currently generates $8,400 in annual income, providing an additional income stream. The property is suitable for retail or office use.
Key Highlights
- Prime commercial location with 140‑foot frontage on South Highway 27.
- 3,100 square foot brick/stone house suitable for retail/office use.
- Billboard generating $8,400 annual income.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.3k | $17.16 |
| − Vacancy | −$2.7k | −$0.88 |
| EGI | $49.7k | $16.28 |
| − OpEx | −$14.9k | −$4.89 |
| NOI | $34.8k | $11.40 |
3,050 SF · lease $17.16/SF/yr · vacancy 5.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$496.7K
$434.6K – $579.5K
NOI $34,768 @ 7.0% cap · market cap 5.80%
Second Best
Office B
$385.4K
$337.2K – $449.6K
NOI $26,975 @ 7.0% cap · market cap 4.50%
Theoretical Best
Specialty Retail
$519.6K
$454.7K – $606.2K
NOI $36,373 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Commercial property with retail/office space, garage, and billboard income.
Where is this retail space located?
The property is located at 3271 S Hwy 27 Somerset, KY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime commercial location with 140‑foot frontage on South Highway 27.; 3,100 square foot brick/stone house suitable for retail/office use.; Billboard generating $8,400 annual income.
