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    101 Hendren Way Berea, KY 40403

    For Sale
    $675,000

    High-traffic corner lot, build your business.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.802-acre commercial lot presents a prime opportunity for business development in Berea, Kentucky. Located at the highly visible corner of Hendren Way and Edgewood Drive, this property benefits from its proximity to the busy Nicholasville bypass, ensuring significant daily traffic exposure. Its strategic location offers unparalleled visibility and accessibility for potential customers. The lot is situated adjacent to a McDonald's and diagonally across from a Save-A-Lot, providing immediate proximity to established businesses and a built-in customer base. This presents a unique chance to establish a new business or relocate an existing one to a high-traffic area with excellent visibility. The property is zoned for commercial use, making it ideal for a wide range of businesses. The asking price is $675,000. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving Kentucky community. The address is 101 Hendren Way, Berea, KY 40403. Don't miss out on this chance to secure a prominent location for your business venture. Serious inquiries only.

    Property Features for 101 Hendren Way

    General Information

    Property type
    Land
    Lot Size
    34,935 SF

    HighLights

    • $675,000 asking price.
    • 0.802‑acre commercial lot.
    • Located in Berea, KY, at the corner of Hendren Way and Edgewood Drive, near Nicholasville Bypass.
    • Adjacent to McDonald's and diagonally across from Save‑A‑Lot.
    • Suitable for new construction or relocation of an existing business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Berea
    County
    Madison
    State
    Kentucky
    Longitude
    -84.2910759
    Latitude
    37.56474

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, build your business.
    Where is this land located?
    The property is located at 101 Hendren Way Berea, KY.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: $675,000 asking price.; 0.802-acre commercial lot.; Located in Berea, KY, at the corner of Hendren Way and Edgewood Drive, near Nicholasville Bypass.
    Request Owner's contact information
    101 Hendren Way Berea, KY 40403
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    Berea, KY 40403
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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
    101 Hendren Way Berea, KY 40403
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