Exceptional Retail Land Available

Vacant Land for Lease
Catylist Listing ID: 30095169
Property Subtypes: Retail, Retail-Pad
Gross Land Area: 4 Acres
Lease Rate: $100,000 - 120,000 Per Acre (Annual)
$2.30 - 2.75 PSF (Annual)
Base Monthly Rent: $33,333 - 40,000
Lease Types: Ground Lease
Last Updated: 8/15/2018

Overview / Comments

For sale or ground lease four exceptional acres of retail land available directly across from Somerset, KY’s brand new 120,000/SF Kroger Marketplace.

This retail land is an ideal site for users seeking highly visible Class A retail out parcel sites.

The site shares signalized access with Kroger’s main entrance and is centrally located directly on Somerset’s primary retail thoroughfare U.S. Highway 27 with 24,674 adt and growing.

Land is estimated to be pad ready in Q4 of 2017.

Attachments & Media

Additional Details

Nearest MSA: Somerset
County: Pulaski
Taxing Authority: Pulaski County
Zoning: C-2
Property Located Between: Located directly on U.S. Highway 27. Located roughly 20 minutes from the Cumberland Parkway.
Property Visibility: Excellent
Largest Nearby Street: U.S. Highway 27
Feet of Frontage: 500
Traffic/Vehicle Count: 24,674
Highway Access: Located directly on U.S. Highway 27. Located roughly 20 minutes from the Cumberland Parkway.
Airports: Somerset Airport, Lexington, KY Airport (1 Hr. Away)
Site Description: This retail land available is one of the most desirable yet to be developed retail parcels along Somerset's primary retail thoroughfare U.S. Hwy 27. Positioned directly across the street from the main signalized entrance to the new Kroger Marketplace, this available land is the perfect site retailers and restaurants seeking highly visibly Class-A retail sites.v
Area Description: Somerset located in south central Kentucky is situated on the northeastern edge of Lake Cumberland. Somerset is 76 miles south of Lexington, Kentucky; 129 northwest of Knoxville, Tennessee; and 128 miles southeast of Louisville, Kentucky. The city of Somerset covers a land area of 8 square miles and is located in Pulaski County. Pulaski County covers a land area of 653 square miles and has a population of 54,570. The city of Somerset serves as the primary retail shopping and restaurant market for those in Pulaski County and those tourists visiting Lake Cumberland.
Lot Frontage: Up to 500'
Lot Depth: Varies
Zoning Description: Commercial
Development Name: Creekside Center
Topography: Level
Easements Description: See attached survey.
Soil Type: Clay
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,535 19,477 29,892
Median Age: 41.88 41.23 40.75
Households: 1,781 8,141 12,395
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