114AC Sam Jones Road, Somerset, KY 42501 (MLS# 23008789)

114AC Sam Jones Road, Somerset, KY 42501

$5,700,000

Property Type: Farm Lot Size (sq. ft.): 4,965,840 Status: Active

Current Price: $5,700,000 List Date: 5/15/2023 Last Modified: 5/09/2026

Overview

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, ... (Read more) 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.

Listing Details MLS# 23008789

Listing Information

Comp Sale YN: No
Property Sub Type: Farm

Status Change Information

Price Change Timestamp: 2025-02-03T15:36:43Z
Status Change Timestamp: 2023-05-15

Address

County: Pulaski
Street Number: 114AC
Street Name: Sam Jones
Street Suffix: Road
State: KY
Zip Code: 42501
Parcel Number: 061-2-2-72

Contract

Original List Price: 4902000
Start Showing Date: 2023-05-15
Listing Contract Date: 2023-05-15
Listing Agreement: Exclusive Right To Sell
Occupant Type: Vacant
Office Exclusive YN: No
List Price/Acre: 50000

Tax Legal

MLS Area Major: 905 - Northeast Pulaski County
Subdivision Name: Northeast-Pulaski

Lot

Lot Size Source: Assessor
Lot Size Acres: 114
Lot Size Square Feet: 4965840
Lot Size Dimensions: 114 Acres
Conservation Easement YN: No
View YN: Yes

More Information

Utilities

Cooling YN: No
Cable Available: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Phone Available: Yes
Water Available: Yes

Remarks

Public Remarks: 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.

Land Details

Farm With House YN: No

Showing Information

Showing Instructions: Call Listing Agent: Ron Gibson, 480.221.3717 I can arrange a property tour with 2-3 hours notice.

Tax & Legal

Tax Rate: 11.5
Zoning: AR
Directions: Proceed from the intersection of US 27 and Oak Hill Road, proceed West on Oak Hill Road to Sam Jones Road. Turn Right at Sam Jones Road, proceed to gate at the entrance to the property. Another "height assisted" viewing point is at the Circle next to the VA Medical Facility.

Interior

Living Area: 0

Fencing

Wire: Yes

Lot Features

Cleared: Yes
Gentle Sloping: Yes
Wooded: Yes

Sewer

None: Yes

View

Neighborhood: Yes
Suburban: Yes

Water Source

Pond(s): Yes

Current Use

Commercial: Yes
Development: Yes
Pasture: Yes

Possible Use

Commercial: Yes
Industrial: Yes
Residential: Yes

Possession Farm Land

Close Of Escrow: Yes

Showing Requirements

Call Listing Agent: Yes

Property Features

Utilities: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Water Available; Cable Available; Electricity Available; Natural Gas Available; Phone Available; Water Available Current Use: Commercial; Development; Pasture Fencing: Wire Lot Features: Cleared; Gentle Sloping; Wooded Possession Farm Land: Close Of Escrow Possible Use: Commercial; Industrial; Residential Sewer: None View: Neighborhood; Suburban Water Source: Pond(s) Showing Requirements: Call Listing Agent