$5,700,000
114AC Sam Jones Road, Somerset, KY 42501
- Farm
- Property type
- 114 acres
- Lot size
Showing MLS 23008789 only. Other listings’ history has not been attached.
Listing Description
Prime Development Opportunity - 114+/- Acres Adjacent to Lake Cumberland Regional Hospital and MedPark West This exceptional 114+/- acre parcel (approximately 4.9 million square feet) represents a premier development site in Somerset, Kentucky, directly contiguous with the established MedPark West medical campus and in close proximity to Lake Cumberland Regional Hospital (a 295-bed acute care facility) and the Somerset VA Clinic. The property is ideally positioned to capitalize on the growing healthcare corridor and supporting demand from medical professionals, visitors, patients, and staff. Key development opportunities include: * AI Data Center or technology infrastructure * Distribution / logistics warehouse * Single-family residential community * Multifamily apartments or mixed-use residential * Hospitality (hotel or extended-stay accommodations) to serve MedPark visitors and regional travelers Strategic Advantages Northern portion directly adjoins existing MedPark development, ensuring seamless integration with the medical and professional ecosystem. Only 11 acres lie within city limits, offering flexibility in zoning and development approvals. Proximity to the South Kentucky Rural Electric Cooperative Corporation (South Kentucky RECC) infrastructure, which is expanding capacity—including planned natural gas boilers capable of rapidly responding to significant load increases—supports high-demand users such as data centers or large-scale facilities. This site stands out as one of the top locations in Somerset for multifamily apartment development, particularly with ample space for complementary convenience retail, amenity pads, or outparcels that can be subdivided and sold separately. The convenience to healthcare services, employment centers, and regional amenities positions the property to attract younger renters and professionals seeking modern, accessible housing options. For additional details, or to schedule a site visit, please contact me directly to discuss this outstanding opportunity further. Ron Gibson, 480.221.3717.
Listed by Godby Realty & Auction · rbarker4865@gmail.com
MLS #23008789 · Listing provided by![]()
Shelby & Drake JohnsonFive Pillars Team · eXp Realty
Home Details
- Property type
- Farm
- Lot size
- 114-acre lot
Interior
- 0 bathrooms
Property
- Farm
- 0 sq ft
- 114-acre lot
- Cleared, Wooded, Gentle Sloping
Construction
- Not reported
Show all home details
Exterior & parking
- Lot features
- Cleared, Wooded, Gentle Sloping
Services Availability
- Internet
- Not reported
- Utilities
- Not reported
- Parking
- Not reported
This Listing’s Timeline
| Date | Event | Price |
|---|---|---|
| May 15, 2023 | Listed for sale | $4,902,000 |
Estimate Your Monthly PaymentMonthly payment
Estimated monthlyEst. payment
$36,321/mo
30-year fixed · 6.75% assumed rate
- Principal & interest
- $29,576
- Taxes
- $5,083
- Other costs
- $1,662
- $5,700,000
- Home price
- 20% · $1,140,000
- Down payment
- 6.75%
- Interest rate
- 30 years
- Loan term
Payment Breakdown
- Principal & interest
- $29,576
- Estimated property taxes
- $5,083
- Home insurance
- $1,662
- HOA
- Not provided
- Utilities
- Not included
Estimate only. Utilities not included. HOA not provided.Illustrative estimate, not a loan offer. Taxes (1.07%/year) and insurance (0.35%/year) use assumptions; actual costs and available rates vary. HOA is not included because its monthly amount is unavailable.
Adjust Payment Details
Payment Breakdown
- Principal & interest
- $29,576
- Estimated property taxes
- $5,083
- Home insurance
- $1,662
- HOA
- Not provided
- Utilities
- Not included
Illustrative estimate, not a loan offer. Taxes (1.07%/year) and insurance (0.35%/year) use assumptions; actual costs and available rates vary. HOA is not included because its monthly amount is unavailable.
Travel Times and Accessibility
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- Walk Score
- —
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- Bike Score
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Map and estimated drive times: Mapbox. Each route starts at this home. Times vary with conditions. Walk Score and Bike Score are unavailable.
Assigned Schools
Elementary School
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Middle School
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High School
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Shelby & Drake JohnsonFive Pillars Team · eXp Realty