119 Kit Cowan Road Somerset, KY, 42501
$ 425,000Bedrooms Baths0.0
for $425,000. The lot size is 0.56 Acre(s).
FIRST TIME EVER ON THE MARKET! Located just off Hwy. 27 this proven money maker has a combination of both residential and commercial space. There are 4 residential units, most of which have long term tenants. In addition, there are two retail units that could easily be converted into three. The retail store has a proven sales success producing more than a million dollars in sales in recent years (Business is not included in sale). There is also a large basement that is perfect for storage or could easily and inexpensively be turned into more residential space. Property alone in this area can run more than the list price of this property with its nearly 5, 000 square foot building. To build a similar building in a location like this in this area could run hundreds of thousands more! This is a once in a lifetime opportunity!
Cooling System Air Conditioning
Heating Source Hot Water Heater
Parking 1-20 Parking Spaces
Miscellaneous* Excluded Features
Commercial Sale Includes Building Sale Includes Fixture/Equip
Utilities Electric Phone Water
List By Steven R Dowell
Realty World Dowell & Associates
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Commerical listings in Somerset, KY
Average List Price $620,083
Percent of Sale Price 46 %
About Somerset, KY
2 % Since 2002
$ 31,699 Median Income
40.76 Median Age
25 % Households with Children