Technical
Financial
Distress signals
Property profile

304 Sallee St Somerset, KY 42501

OFF-MARKET
Retail space
Property ID
US34-0537397
4,800 SF 0.52 ac lot Built 1970
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional retail storefront opportunity in Somerset, Kentucky, presents a unique chance to acquire a thriving business and its custom-built building. Located just off Highway 27 at Stop Light #9, this 4,800 square foot property boasts a prime location with an estimated 19,000 cars passing daily. The building, constructed in 1990, is well-maintained and features all LED interior lighting and a paved parking lot. The current business, operating successfully since 1968, benefits from a loyal customer base spanning a 60-mile radius. Included in the sale are all displays, shelving, financial transaction equipment, and other business necessities. The seller will also provide inventory, customer, and vendor information to ensure a smooth transition. The asking price is $699,000, translating to $145.62 per square foot. This turnkey operation offers a rare chance to own a profitable business in a high-traffic area, with the potential for continued growth and success. The seller is open to a transitional plan to minimize business interruption. This is a truly exceptional opportunity to acquire both a thriving business and a well-located commercial property. The property is situated at 304 Sallee St, Somerset, KY 42501, in Pulaski County.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Construction STEEL FRAME
Total area 4,800 SF
Lot 0.52 ac (22,500 SF)
APN 061-5-2-08
UPID US34-0537397

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Religious Bookstore

Location

304 Sallee St Somerset, KY 42501-2300
Somerset metro Census 930600 SOMERSET, KY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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