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    5785 Highway 27 Somerset, KY 42503

    For Sale
    $949,000

    Prime 1.92-acre commercial lot with stunning lake views.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.92-acre commercial lot, located at 5785 S Hwy 27 in Somerset, Kentucky (APN 063-2-1-33), offers unparalleled potential. Boasting breathtaking 180-degree lake views of Lake Cumberland, this property presents a rare opportunity for developers seeking a prime location for various commercial ventures. The asking price is $949,000. Its ideal setting makes it perfect for a restaurant, hotel, bar, or similar establishment, capitalizing on the stunning scenery and high tourism traffic associated with Lake Cumberland. The property's size and visibility ensure high impact and accessibility. While currently 1.92 acres, there's an option to combine this lot with an adjacent tract, expanding the total acreage to 3.72 acres and providing even greater development possibilities. This combined acreage would offer significant lakefront property, further enhancing the value and appeal of the combined parcels. The Pulaski County location provides easy access to local amenities and attractions, making it an attractive destination for businesses and customers alike. Don't miss this chance to secure a truly exceptional commercial property in a highly desirable location. Act quickly, as opportunities like this are seldom available.

    Property Features for 5785 Highway 27

    General Information

    Property type
    Land
    Lot Size
    83,635 SF

    HighLights

    • 1.92‑acre commercial lot in Somerset, KY (APN 063‑2‑1‑33), priced at $949,000.
    • Stunning 180‑degree Lake Cumberland views, ideal for restaurants, hotels, or similar businesses.
    • High visibility and accessibility due to size and location.
    • Optional expansion to 3.72 acres by combining with adjacent lot.
    • Excellent location in Pulaski County with easy access to amenities and attractions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Pulaski
    State
    Kentucky
    Longitude
    -84.6285344
    Latitude
    37.0171936

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    FAQs

    What type of property is this?
    Land - Prime 1.92-acre commercial lot with stunning lake views.
    Where is this land located?
    The property is located at 5785 Highway 27 Somerset, KY.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: 1.92-acre commercial lot in Somerset, KY (APN 063-2-1-33), priced at $949,000.; Stunning 180-degree Lake Cumberland views, ideal for restaurants, hotels, or similar businesses.; High visibility and accessibility due to size and location.
    Request Owner's contact information
    5785 Highway 27 Somerset, KY 42503
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    Somerset, KY 42503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5785 Highway 27 Somerset, KY 42503
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