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.
Lot/land
$5,700,000
114AC Sam Jones Ln, Somerset, KY 42503
--beds
0baths
114Acres
Farm
Built in ----
114 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 407 days
- 41
- 3
Zillow last checked:
Listing updated:
Listed by:
Ronald Gibson 480-221-3717,
Godby Realty & Auction
Source: Imagine MLS,MLS#: 23008789
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Interior area
- Total structure area: 0
Property
Features
- Fencing: Wire
- Has view: Yes
- View description: Neighborhood, Suburban
Lot
- Size: 114 Acres
- Dimensions: 114 Acres
- Features: Cleared, Wooded, Gentle Sloping
- Topography: Gentle Sloping, Wooded, Cleared
Details
- Parcel number: 0612272
- Zoning: AR
Utilities & green energy
- Sewer: None
- Water: Pond(s)
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
Community & HOA
Community
- Subdivision: Northeast-Pulaski
Location
- Region: Somerset
Financial & listing details
- Date on market: 5/15/2023
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 2/3/2025 | Listed for sale | $5,700,000+16.3% |
Source: | ||
| 5/15/2023 | Listed for sale | $4,902,000 |
Source: | ||
Public tax history
Tax history is unavailable.


