605 Monticello StSomerset, KY 42501

Property Details for 605 Monticello St

Year built

1970

Construction

WOOD FRAME

Lot size

0.20 AC

Property size (Sq ft)

1,098 SF

Property type

Retail space

APN

061-6-1-28

APU

616128

Description

This exceptional 2-acre commercial land parcel presents a unique investment opportunity in Somerset, Kentucky. Located at 605 Monticello Street in Pulaski County, this property boasts a prime location within the 42501 zip code, offering excellent visibility and accessibility. The expansive lot size provides ample space for a wide range of commercial developments, catering to diverse business needs. With its strategic location and significant acreage, this property is ideally suited for businesses seeking to establish a strong presence in a thriving community. The asking price for this exceptional land opportunity is $1,750,000. Given the size and location, this represents a compelling investment proposition for developers and entrepreneurs alike. The property's latitude and longitude coordinates are 37.0692003 and -84.6172711 respectively, allowing for easy location verification and site planning. Serious inquiries are encouraged to explore the potential of this remarkable commercial land offering in Somerset, Kentucky. This is a rare opportunity to acquire a substantial land parcel in a desirable location, ready for immediate development. The property is zoned for commercial use, providing flexibility for various business ventures. Don't miss this chance to secure a valuable asset in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $276,926

  6.5%

  $255,624

  7%

  $237,365

• Comparable approach

  Method

  Valuation

  Relative Method

  $235,200

  Geo Method

  $238,180

• Alternative Use

  Use

  Valuation

  Residential

  $215,628

  Hospitality

  $197,515

  Educational

  $164,330

  Medical

  $169,981

  Retail

  $255,624

Location Insight

City

Somerset

County

Pulaski

State

Kentucky

Latitude

37.0691

Longitude

-84.6173

CBSA code

43700

CBSA name

SOMERSET, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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