Residential Land in Somerset,
For Sale
$149,900
5 6A & 6B Melrose Place, Somerset, KY 42503
Land, Somerset, KY
Property SizeContact for details
Lot Size0.54 Acres
Days on Market1318
Property Features for 5 6A & 6B Melrose Place
General Information
Property type
Land
Property subtype
Other
Subdivision
Melrose Place
Lot features
Level
Directions
From Highway 80 turn onto 1247 (North Main) and go 1.1 miles to Melrose Place. Follow Melrose Drive all the way to the back.
Standard status
Active
APN
060-5-1-35, 060-5-1-38.9, 060-5-1-39.1
Lot size
0.54 Acres
Utilities
Utilities
Water Available
Listing Agency:
Key Players Real Estate
(859) 559-0071
Listed By:
Charlotte Ikerd · License #267069
(606) 416-5100
Added: Feb 7, 2023
Changed: Sep 7
Last Checked: Sep 17 at 1:06PM
MLS# 23002224
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Investment Insights
Based on property information with market context.
Three building lots are available for investment, situated on city sewer and subject to county property taxes. These lots are suitable for upscale multi-housing units and are located minutes from downtown Somerset. The location offers views overlooking the Somerset Country Club. Electricity, water, and parking are available. A fence runs along the back of the property, and a golf cart lane is situated on the far right. A retaining wall is located on the far left.
Key Highlights
- Three building lots connected to city sewer offering lower county property taxes.
- Ideal for upscale multi‑housing units or condominiums.
- Prime location minutes from downtown Somerset.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Three building lots near downtown Somerset, with city sewer.
Where is this residential land & home lot located?
The property is located at 5 6A & 6B Melrose Place Somerset, KY.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Three building lots connected to city sewer offering lower county property taxes.; Ideal for upscale multi‑housing units or condominiums.; Prime location minutes from downtown Somerset.
