298 Bogle StSomerset, KY 42503

  • Healthcare properties
  • 1,800 SF
For Sale
$1,200,000 View listing

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
Healthcare properties
Property subtype
Medical offices
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
298 Bogle St, Somerset, Kentucky

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$800,000
-
$800,000
-
$800,000
-
$800,000

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