450 S Highway 27 - Freestanding FOR SALE


Somerset, KY 42501
$2,900,000 USD
859-224-2000
450 S Highway 27, Somerset, KY for Sale
$2,900,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

450 S Highway 27
Somerset, KY 42501


HIGHLIGHTS

  • +/-16,500 SF freestanding, multi-tenant retail building and +/- 3,000 SF flex/garage building in the rear of site
  • Current ground lease in place with auto tenant on pad site
  • +/-233' of direct frontage on Highway 27
  • Adjacent to Advance Auto Parts and Tradewinds Center, anchored by Roses and Ace Hardware
  • Current Gross Operating Income: $165,600; Contact agent for additional information
  • Value Add + Redevelopment Potential, both short and long term

OVERVIEW

+/-2.3 AC site with multiple income producing revenue streams in place

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

-

APN/PARCEL ID

061-4-2-57

ASK ABOUT THIS PROPERTY

Zach SmithNAI IsaacMore Info
859-224-2000

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Zach SmithNAI IsaacMore Info
859-224-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.