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    118 Lester St Berea, KY 40403

    For Sale
    $389,000

    Versatile commercial property in Berea, Kentucky with live-work potential.

    Property Features for 118 Lester St

    General Information

    Zoning
    B-2

    Source: Neal Metcalfe Agent Neal Metcalfe

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Multi-Use Property in Berea

    Located in the heart of Berea, Kentucky, this commercial multi-use property at 118 Lester Street offers versatility for owner-occupants or investors. The ground floor provides 3,328 square feet of space suitable for a variety of business needs. Zoned B-2, a major business zone, the property allows for a wide range of uses. Recent improvements include new electric, windows, drywall, lighting, and exterior paint. The loft space is suitable for a live-in owner or an apartment for income. The property includes a private parking lot and is situated on a 0.24-acre site. Berea is located in southern Madison County, near the edge of central Kentucky’s Blue Grass Region, 39 miles south of Lexington, 113 miles southeast of Louisville, and 132 miles north of Knoxville, Tennessee. Berea offers a small-town atmosphere with rich cultural and historic roots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berea
    County
    Madison
    State
    Kentucky
    Longitude
    -84.2999585
    Latitude
    37.5703596

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile commercial property in Berea, Kentucky with live-work potential.
    Where is this mixed-use property located?
    The property is located at 118 Lester St Berea, KY.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: - Versatile commercial multi-use property in the heart of Berea, KY; - B-2 zoning allows for a wide range of business uses; - 3,328 sf ground floor space on a 0.24 acre site
    (859) 312-8069
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 Lester St Berea, KY 40403
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