100 Public Sq Somerset, KY 42501-1464
- Banks
- 26,400 SF
- 0.29 lot acres
Current Use by Public Records
- Hemisphere Limited LLC / Business Management Consultant
Property Details for 100 Public Sq
- Year built
- 1970
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.29 lot acres
- Property size
- 26,400 SF
- Property type
- Banks
- APN
- 061-7-3-15
- APU
- 617315
Description
This exceptional commercial lease opportunity presents approximately 6,000 square feet of beautifully finished office space within the prestigious Hemisphere Building in downtown Somerset, Kentucky. Located at 100 Public Square, Unit A, this property boasts a highly desirable downtown location, providing convenient access to all Somerset amenities. The space features charming wood finishes, newer carpeting, and aesthetically pleasing furniture throughout. Several offices include partitioned reception areas, while larger offices incorporate small tables ideal for informal meetings or business transactions. Two separate external entrances offer convenient access for tenants and their clients. A significant advantage is the inclusion of all utilities within the lease payment of $9,750. Tenants will also have access to a stunning conference room, equipped with ample seating and the necessary technical equipment to facilitate productive staff and client meetings. The building's proximity to government offices, financial institutions, and other key businesses makes this location exceptionally convenient for both employees and clients, offering a truly walkable environment. This unique opportunity combines prime location, attractive aesthetics, and practical amenities to create an ideal workspace.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $670,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $825,000
- 6.5%
- $905,000
- 7%
- $900,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $705,000
- Geo Method
- $845,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $820,000
- Retail
- $900,000
- Mixed-Use
- $910,000
- Hospitality
- $810,000
- Educational
- $920,000
- Residential Income
- $865,000
- Energy
- $745,000
- Income-Based Land
- $705,000
- Food Service
- $845,000
Location Insight
- Map
- Local Demand
- City
- Somerset
- County
- Pulaski
- State
- Kentucky
- Longitude
- -84.6043
- Latitude
- 37.0917
- CBSA code
- 43700
- CBSA name
- SOMERSET, KY MICROPOLITAN STATISTICAL AREA
