340 Bogle St Somerset, KY 42503-2892
- Medical offices
- 27,828 SF
- 3.00 lot acres
Current Use by Public Records
- Somerset Family Medical Center / Medical Clinic / Family Practice Physician
- Dr. Susan J. Petrosky, MD / Doctor
- Dr. Debra J. Eadens, MD / Internist
- Eadens Grimball Internal Medicine: Eadens Debbie J MD / Internist
Property Details for 340 Bogle St
- Year built
- 1970
- Construction
- STEEL FRAME
- Lot size
- 3.00 lot acres
- Property size
- 27,828 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 061-2-1-79
- APU
- 612179
Description
This exceptional 28,000-square-foot medical office building presents a unique investment opportunity in Somerset, Kentucky. Strategically located in the heart of the Lake Cumberland Medical Community, directly adjacent to the hospital, this property enjoys unparalleled visibility and accessibility. The building boasts five or more separately divided suites spread across two levels, providing flexibility for a variety of healthcare uses. With over 100 rooms, including numerous exam rooms, private offices, and dedicated treatment areas, this facility is well-equipped to accommodate a diverse range of medical practices. The expansive 3-acre lot provides ample parking for over 200 vehicles, ensuring convenient access for patients and staff. This substantial property offers a rare chance to acquire a turnkey medical facility in a high-demand area, benefiting from its prime location within a thriving healthcare hub. The building's size and layout offer significant potential for expansion or adaptation to meet evolving healthcare needs. The substantial parking capacity further enhances the property's appeal and functionality. This is an exceptional opportunity for investors seeking a stable and high-growth investment in the healthcare sector. The property's location and features make it an ideal choice for both established medical practices and new ventures seeking a well-established presence in a thriving community. The asking price is $1,500,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $640,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $825,000
- 6.5%
- $770,000
- 7%
- $920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $880,000
- Geo Method
- $920,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $705,000
- Retail
- $665,000
- Mixed-Use
- $685,000
- Hospitality
- $740,000
- Educational
- $840,000
- Residential Income
- $930,000
- Energy
- $830,000
- Income-Based Land
- $860,000
- Food Service
- $810,000
Location Insight
- Map
- Local Demand
- City
- Somerset
- County
- Pulaski
- State
- Kentucky
- Longitude
- -84.6202
- Latitude
- 37.0845
- CBSA code
- 43700
- CBSA name
- SOMERSET, KY MICROPOLITAN STATISTICAL AREA
