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    1341 Walnut Meadow Rd Berea, KY 40403

    Sponsored
    For Sale
    $600,000

    I-75 Exit 77, Two Lots Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents a unique investment opportunity in Berea, Kentucky. Located just off I-75 Exit 77 at 1341 Walnut Meadow Rd, this property comprises two adjacent lots totaling 6.86 acres (3.29 acres and 3.57 acres), available for purchase individually or as a combined parcel. The asking price for the entire 6.86 acres is $600,000, translating to approximately $87,464 per acre. The property is zoned for commercial use, making it ideal for a variety of businesses. Its strategic location less than one mile from the interstate provides excellent visibility and accessibility, while its proximity to downtown Berea and Berea College offers a strong potential customer base. Recent local zoning changes now permit the sale of alcohol, creating exciting new opportunities for restaurants, bars, and liquor stores. This is a rare chance to acquire prime commercial real estate in a thriving Kentucky community with significant growth potential. The property's address is 1341 Walnut Meadow Rd, Berea, KY 40403, and sits in Madison County. Serious inquiries are encouraged.

    Property Features for 1341 Walnut Meadow Rd

    General Information

    Property type
    Land

    HighLights

    • 6.86‑acre commercial land parcel in Berea, KY, available for sale.
    • Two adjacent lots (3.29 acres and 3.57 acres) available individually or together for $600,000.
    • Located at 1341 Walnut Meadow Rd, Berea, KY 40403 (Madison County), near I‑75 Exit 77.
    • Zoned for commercial use, with recent zoning changes allowing alcohol sales.
    • Prime location offers high visibility and accessibility, near downtown Berea and Berea College.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Dental Office Auto Repair Shop Hair Salon Gym & Fitness Hotel & Motel Pharmacy Accounting Firm Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Berea
    County
    Madison
    State
    Kentucky
    Longitude
    -84.322593
    Latitude
    37.595356

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    FAQs

    What type of property is this?
    Land - I-75 Exit 77, Two Lots Available
    Where is this land located?
    The property is located at 1341 Walnut Meadow Rd Berea, KY.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 6.86-acre commercial land parcel in Berea, KY, available for sale.; Two adjacent lots (3.29 acres and 3.57 acres) available individually or together for $600,000.; Located at 1341 Walnut Meadow Rd, Berea, KY 40403 (Madison County), near I-75 Exit 77.
    (859) 559-3456
    Request Owner's contact information
    1341 Walnut Meadow Rd 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
    1341 Walnut Meadow Rd Berea, KY 40403
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