298 Bogle StSomerset, KY 42503

Property Details for 298 Bogle St

Year built

1970

Construction

WOOD FRAME

Lot size

3.04 AC

Property size (Sq ft)

1,800 SF

Property type

Medical offices

Property subtype

Medical centers

APN

061-2-1-70

APU

612170

Description

This exceptional 3,356 square foot executive office building presents a rare opportunity in Somerset, Kentucky. Located at 298 Bogle St, this single-tenant property sits on a one-acre lot, offering ample space and privacy. Built in 1970, the building is zoned commercial and boasts excellent visibility due to its corner location at the intersection of Bogle Street and Trade Park Drive. The entire 3,356 square feet is currently vacant, providing immediate occupancy for a new owner. The property's convenient location and ample space make it particularly well-suited for medical professionals or other businesses seeking a prominent presence in the Somerset area. The Pulaski County location, with APN 061-2-1-70 B, ensures easy access to local amenities and transportation routes. This is a turnkey opportunity to acquire a well-positioned office building ready for immediate use. The property features one building on a one-acre lot, providing ample parking and potential for future expansion. The building's single-tenant occupancy simplifies management and offers a straightforward investment opportunity. This is an ideal location for businesses seeking high visibility and easy access in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $308,828

  6.5%

  $285,072

  7%

  $264,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $153,005

  Geo Method

  $154,944

• Alternative Use

  Use

  Valuation

  Residential

  $353,489

  Hospitality

  $323,794

  Educational

  $269,393

  Medical

  $278,658

  Retail

  $419,056

Location Insight

City

Somerset

County

Pulaski

State

Kentucky

Latitude

37.0826

Longitude

-84.6207

CBSA code

43700

CBSA name

SOMERSET, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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