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Mixed-Use Property with Loft
New
For Sale
$349,000

118 Lester Street, Berea, KY 40403

Updated commercial building with private parking and space suited to varied business uses.

Property SizeContact for details
Lot Size0.24 Acres
Days on Market5

Property Features for 118 Lester Street

General Information

Standard status Active
Lot size 0.24 Acres
Property subtype Office
Zoning B-3

Additional Details

Asking Price $349,000
Listing Agency: SVN Stone Commercial Real Estate
Listed By: Neal Metcalfe · License #217705
Source: Svnstone
Added: Sep 18 Last Checked: Sep 21 at 4:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Stone Commercial Real Estate

Investment Insights

Based on property information with market context.

Located at 118 Lester Street in Berea, this mixed-use property combines commercial space with a loft configuration. The ground floor contains approximately 3,000 square feet on a 0.24-acre site, with a private parking lot serving the building. The upper loft may accommodate a live-in owner or apartment use, subject to applicable requirements.

Recent improvements include updated electrical, windows, drywall, lighting, and exterior paint. The drywall work was completed in 2023. The property’s multi-use layout supports a range of commercial applications, while the loft adds a separate component for residential or owner-occupant use.

Key Highlights

  • Approximately 3,000 SF of ground‑floor commercial space
  • 0.24‑acre site with private parking lot
  • Loft space suited to live‑in owner or apartment use

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Law Firm Building Supply Kitchen & Bath Showroom Real Estate Agency HVAC Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

502
Businesses Nearby

Demographics for 40403, KY

26,994
Population
11,008
Households
2.5
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
111.0 sq mi
ZIP Area
243
Density / Sq Mi
$60,105
Median Household Income
$33,847
Median Earnings
$827
Median Rent
$180,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Updated commercial building with private parking and space suited to varied business uses.
Where is this mixed-use property located?
The property is located at 118 Lester Street Berea, KY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Approximately 3,000 SF of ground‑floor commercial space; 0.24‑acre site with private parking lot; Loft space suited to live‑in owner or apartment use
More about this property
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