Medical-Ready Office
357 Langdon Street Somerset, KY 42503
New
357 Langdon Street, Somerset, KY, 42503
$250,000
For Sale
$250,000
COMMERCIAL - Somerset, KY
Property Size1,315 SF
Lot Size0.23 Acres
Price / SF$190.11
Days on Market2
Property Features for 357 Langdon Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- C
- Parking
- 5
- Standard status
- Active
- APN
- 061-1-4-59.1
- Size
- 1,315 SF
- Lot size
- 0.23 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Building materials
- Stone, Stucco, Vinyl Siding
- Roof type
- Shingle
Listing agency
Weichert Realtors Ford Brothers, Inc.
(606) 679-2656
Listed by
Sarah Adkisson · License #265293
(606) 255-6321
Added: Jul 21 Updated: Jul 22 at 11:08AM Checked: Jul 22 at 2:06PM
MLS# 26019442
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 office building includes a reception area, three private offices, a restroom, and a kitchen. An additional open area previously used as a conference room provides flexibility for meetings, additional workspace, or client-facing use. The property has been recently updated with a new roof and siding and is described as move-in ready.
The building is located directly behind Kroger in a high-visibility, high-traffic setting in Somerset. It is reported to be about two minutes from Lake Cumberland Regional Hospital and within a corridor of medical and professional offices.
With its current layout and recent exterior updates, the property is positioned for a professional or medical-focused office user seeking a ready-to-occupy space in an established retail and medical area.
The building is located directly behind Kroger in a high-visibility, high-traffic setting in Somerset. It is reported to be about two minutes from Lake Cumberland Regional Hospital and within a corridor of medical and professional offices.
With its current layout and recent exterior updates, the property is positioned for a professional or medical-focused office user seeking a ready-to-occupy space in an established retail and medical area.
Key Highlights
- 1,315 SF commercial building directly behind Kroger with reception, three private offices, restroom, kitchen, and open conference/meeting area
- Updated with a new roof and new siding for a move‑in‑ready interior
- Heat pump HVAC system with heat pump heating and cooling
Local Financial Insights For Healthcare Medical
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 | $21.6k | $16.44 |
| − Vacancy | −$1.5k | −$1.13 |
| EGI | $20.1k | $15.31 |
| − OpEx | −$8.1k | −$6.12 |
| NOI | $12.1k | $9.18 |
1,315 SF · lease $16.44/SF/yr · vacancy 6.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$172.5K
$151.0K – $201.3K
NOI $12,076 @ 7.0% cap · market cap 4.83%
Second Best
Office B
$166.1K
$145.4K – $193.8K
NOI $11,630 @ 7.0% cap · market cap 4.65%
Theoretical Best
Specialty Retail
$224.0K
$196.0K – $261.4K
NOI $15,682 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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Location Intelligence
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FAQs
What type of property is this?
Office building - Office building behind Kroger offers reception, private offices, restroom, kitchen, and an open conference area.
Where is this office building located?
The property is located at 357 Langdon Street Somerset, KY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,315 SF commercial building directly behind Kroger with reception, three private offices, restroom, kitchen, and open conference/meeting area; Updated with a new roof and new siding for a move‑in‑ready interior; Heat pump HVAC system with heat pump heating and cooling
