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450 S Highway 27 16,500 SF 100% Leased Retail Building Somerset, KY 42501 $2,800,000 ($169.70/SF)
Investment Highlights
- +/-16,500 SF freestanding, multi-tenant retail building and +/- 3,000 SF flex/garage building in the rear of site
- +/-233' of direct frontage on Highway 27
- Current Gross Operating Income: $165,600; Contact agent for additional information
- Current ground lease in place with auto tenant on pad site
- Adjacent to Advance Auto Parts and Tradewinds Center, anchored by Roses and Ace Hardware
- Value Add + Redevelopment Potential, both short and long term
Executive Summary
+/-2.3 AC site with multiple income producing revenue streams in place
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,500 SF
Building Class
C
Year Built
1972
Price
$2,800,000
Price Per SF
$169.70
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
2.30 AC
Parking
40 Spaces (2.42 Spaces per 1,000 SF Leased)
Frontage
166’ on S Highway 27
Nearby Major Retailers
Property Taxes
| Parcel Number | 061-4-2-57 | Improvements Assessment | $0 |
| Land Assessment | $600,000 | Total Assessment | $600,000 |
Property Taxes
Parcel Number
061-4-2-57
Land Assessment
$600,000
Improvements Assessment
$0
Total Assessment
$600,000
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450 S Highway 27
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