Skip main navigation
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

    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.
    318 days
    |
    42
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Ronald Gibson 480-221-3717,

    Godby Realty & Auction

    Source: Imagine MLS,MLS#: 23008789MLS Logo

      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

        $1,448/mo

        Price history

        DateEventPrice
        2/3/2025Price change$5,700,000+16.3%
        Source: Imagine MLS #23008789 Report a problem
        5/15/2023Listed for sale$4,902,000
        Source: Imagine MLS #23008789 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 42503

        Getting around

        5 / 100
        Car-Dependent
        22 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts