Somerset 470 KY-80 43,268 SF 100% Leased Retail Building Somerset, KY 42503 For Sale

For sale is the 100% fee-simple interest in Cumberland Square, a 43,268 square foot shopping center located in Somerset, Kentucky. Featuring ease of management, the 43,268 square foot property is comprised of just 4 tenants, all of which have renewed their leases in the property at least once. Anchored by Houchen’s IGA with over 325 store locations, and secondarily anchored by Dollar Tree, the asset is a focal location throughout the county with the recent addition of the 72,893 square foot Rural King Shadow Anchor. Rural King draws clientele from the entire county trade area of 55,000+ people, and immediately makes Cumberland Square a customer draw for miles in all directions. In addition to the upgrades done to neighboring Rural King, new roofs were recently installed above all tenant spaces in this property. Somerset is the county seat of Pulaski County and as such draws the majority of the county’s shoppers, employees, and residents. The property is situated on Route 80 (Hal Rogers Parkway), which is a major east/west thoroughfare in Somerset, and is in close proximity to the Pulaski County Regional Hospital and Pulaski County Park, a major boating, camping and fishing destination on the Cumberland River that sees over 4 million visits per year.
Nestled in the hills of south-central Kentucky, Somerset serves as the vibrant cultural and economic center of Pulaski County. The city proper has approximately 12,500 residents, while the greater Somerset metropolitan area boasts approximately 55,000 to 60,000 people overall. The local job market is bolstered by some of the region’s largest employers, including Pulaski County Public Schools, Somerset-Pulaski County Hospital, and major manufacturing, distribution, and retail operations that serve the broader lake and tourism communities. When it comes to leisure, Somerset stands out with attractions like Lake Cumberland—a mecca for boating, fishing, and water sports—alongside the Lake Cumberland State Resort Park offering scenic cabins, trails, and golf. Within town, visitors enjoy downtown’s historic shopping, live music venues, and the Somerset Community College gallery and Pulaski County Pioneer Playhouse, which features local theater productions and festivals year-round.