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    60 Mercury Blvd Somerset, KY 42503

    For Sale
    $475,000

    1.28 Acres, Prime Somerset Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.28-acre commercial land parcel presents a remarkable investment opportunity in Somerset, Kentucky. Located at 60 Mercury Blvd, this property boasts a highly desirable location, offering excellent visibility and accessibility. Its proximity to Somerset Cinemas and Somerset Mall ensures high traffic volume and significant foot traffic, making it ideal for a variety of commercial ventures. The property is zoned for commercial use (zoning information should be independently verified). The asking price is $475,000. This versatile property offers flexibility for potential buyers or lessees. Development options include building to suit, allowing for customized construction to meet specific business needs. The parcel's size provides ample space for a range of commercial projects, from retail establishments to office buildings or other suitable commercial uses. The property's address is 60 Mercury Blvd, Somerset, KY 42503. The APN is 062-3-1-60. Serious inquiries are encouraged to explore the possibilities this prime location offers. This is a rare opportunity to acquire a strategically located commercial land parcel in a thriving Kentucky community. Further due diligence is recommended to confirm all aspects of the property and its suitability for intended use.

    Property Features for 60 Mercury Blvd

    General Information

    Property type
    Land
    Lot Size
    55,757 SF

    HighLights

    • $475,000 asking price.
    • 1.28‑acre commercial land parcel.
    • Located in Somerset, KY, APN 062‑3‑1‑60.
    • Near Somerset Cinemas and Somerset Mall.
    • Sale, lease, or build‑to‑suit options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -84.6290425
    Latitude
    37.0370852

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    FAQs

    What type of property is this?
    Land - 1.28 Acres, Prime Somerset Location
    Where is this land located?
    The property is located at 60 Mercury Blvd Somerset, KY.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: $475,000 asking price.; 1.28-acre commercial land parcel.; Located in Somerset, KY, APN 062-3-1-60.
    (606) 305-2699
    Request Owner's contact information
    60 Mercury Blvd 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
    60 Mercury Blvd Somerset, KY 42503
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