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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

55 Norwood Rd Somerset, KY 42503-3915

1.44 ac lot Built 2009
Individually Owned Free & Clear
Property ID
US34-0717889
Property summary
AI-generated overview

This exceptional commercial property, located at 55 Norwood Rd in Somerset, Kentucky, presents a unique investment opportunity. The property boasts a total of 8,000 square feet spread across two buildings situated on a 1.44-acre lot (APN: 047-8-0-06.5). Built in 2011, the main building offers 8,000 square feet of versatile space, ideal for a variety of commercial uses. This building includes three offices, two bathrooms, central heating and air conditioning, and gas heaters, along with ample storage space on a second level. The second building, a 4,000 square foot warehouse, features two 14-foot electric garage doors and 18-foot ceilings, providing excellent space for storage or manufacturing. The property is zoned for commercial use and enjoys a high-visibility location between Somerset and Science Hill, ensuring excellent exposure for any business. The asking price for this well-maintained property is $750,000. This is a rare opportunity to acquire a substantial commercial property in a desirable Kentucky location. The property's combination of office and warehouse space makes it suitable for a wide range of businesses. Don't miss this chance to secure a valuable asset in a thriving market.

Property profile
Verified
Property type Retail properties & Spaces
Use group NURSERY, GREENHOUSE, FLORIST
Year built 2009
Lot 1.44 ac (62,726 SF)
APN 047-8-0-06.5
UPID US34-0717889
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Danny's Rod Shop Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
DANNY D MINK
DANNY D MINK
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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