Building Details

Building Size 2,000 SF

Year Built 1987

Stories 1

Listing Agency: High Point Realty & Auction

Listed By: Kenneth DeGrant · License #244885 Show Phone

Source: Bluegrasspropertiesgroup

Added: Jan 2 Changed: Nov 4 Last Checked: Nov 6 at 12:47AM

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Investment Insights

Based on property information with market context.

This 2,000-square-foot retail space at 711 Chestnut Street #2-3 in Berea, Kentucky, was built in 1987. The owner is open to dividing the premises into separate units. The property is identified as suitable for professional office, general retail, or wholesale use.

Key Highlights

• 2,000 square feet of retail space
• Owner will consider dividing the premises into separate units
• Identified uses include professional office, general retail, and wholesale

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

American National Insurance ... Insurance Agency Mortgage Suppliers Loan Service Bad Wolf Gaming Electronics & Wireless Store Kentucky Homes Magazine Home Inspector LibertyX Bitcoin ATM Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Pharmacy

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

Lease Details

NNN (Triple Net)

Lease Type

$1.26 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

470

Businesses Nearby

294k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 46% Superstores 23% Shops & Services 21% Electronics 4%

Walmart Superstores

69,061 visits/mo 0.3 miles

McDonald's Dining

32,540 visits/mo 0.2 miles

Cracker Barrel Old Country Store Dining

24,679 visits/mo 0.1 miles

Wendy's Dining

18,907 visits/mo 0.2 miles

Speedway Shops & Services

18,611 visits/mo 0.2 miles

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - The space can accommodate office, retail, or wholesale use and may be configured as separate units.

Where is this retail space located?

The property is located at 711 Chestnut Street #2-3 Berea, KY.

What is the lease rate?

The lease rate is $1,400/Mo.

What are key features of this property?

This property features: 2,000 square feet of retail space; Owner will consider dividing the premises into separate units; Identified uses include professional office, general retail, and wholesale