605 Monticello StSomerset, KY 42501
- Retail properties
- 1,098 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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