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    118 Lester St Berea, KY 40403

    For Sale
    $425,000

    Retail space, prime location, high ROI

    Property size:
    3,328 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 3,328 square foot free-standing retail building, situated on a 0.23-acre lot in Berea, Kentucky, presents a compelling investment opportunity. Completely renovated in 2022, the property boasts new electrical systems, lighting, windows, and drywall, ensuring modern functionality and efficiency. The building features two stories, with a potential live-in owner's loft or income-generating apartment. Its B-2 zoning allows for a wide range of commercial uses, maximizing its versatility and potential for diverse business ventures. The property includes a private parking lot, providing ample convenience for customers and employees. Located at 118 Lester St, Berea, KY 40403, this property offers a unique blend of modern amenities and prime location, making it an ideal choice for owner-occupants or investors seeking a high-return investment in a thriving Kentucky community. The asking price is $425,000, translating to $127.70 per square foot. This represents a significant value proposition given the recent renovations and the property's versatile zoning and location.

    Property Features for 118 Lester St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,328 SF
    Lot Size
    10,019 SF

    Building Details

    Year Renovated
    2022
    Buildings
    1
    Stories
    2

    HighLights

    • $425,000 asking price for this 3,328 SF free‑standing retail building.
    • Located at 118 Lester St, Berea, KY 40403, on a 0.23‑acre lot.
    • Features 2 stories, with a potential live/work loft space.
    • Recently renovated (2022) with new electric, lighting, windows, and drywall.
    • B‑2 zoning allows for a wide range of commercial uses and includes private parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Freestanding property

    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
    -84.3000464
    Latitude
    37.5704119

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    FAQs

    What type of property is this?
    Individual retail property - Retail space, prime location, high ROI
    Where is this individual retail property located?
    The property is located at 118 Lester St Berea, KY.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: $425,000 asking price for this 3,328 SF free-standing retail building.; Located at 118 Lester St, Berea, KY 40403, on a 0.23-acre lot.; Features 2 stories, with a potential live/work loft space.
    (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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