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    310 Richmond Rd Berea, KY 40403

    For Sale
    $950,000

    11,923 SF Retail Space - $950,000

    Property size:
    11,923 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 11,923-square-foot retail storefront, located at 310 Richmond Rd N in Berea, Kentucky, presents a remarkable investment opportunity. Built in 1990, this single-story building sits on a 0.8-acre lot (APN: B008-0013-0001-A) and is zoned B-2, offering significant flexibility for a variety of retail uses. The property features ample on-site surface parking and a convenient rear loading dock, enhancing operational efficiency. Priced at $950,000 ($79.68 per square foot), this property offers immediate occupancy in a high-traffic location. Situated on Richmond Road North, a bustling retail corridor in Berea, this storefront benefits from high visibility and proximity to numerous national retailers, including Dollar Tree, Save-A-Lot, Walgreens, Domino's Pizza, and Little Caesars. The property's location within Berea, known for its arts and crafts heritage, ensures a steady stream of potential customers. This turnkey retail space provides a blank canvas for businesses seeking a prime location to establish or expand their operations. The property's size and location make it an ideal choice for businesses seeking significant retail presence in a thriving Kentucky community. This is a rare opportunity to acquire a well-positioned, substantial retail space in a desirable location.

    Property Features for 310 Richmond Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,923 SF
    Lot Size
    34,848 SF

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 11,923 SF retail storefront in high‑traffic Berea, KY location.
    • High visibility on Richmond Rd N, near national retailers.
    • Ample on‑site surface parking.
    • Rear loading dock for efficient operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Don's Discount Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Berea
    County
    Madison
    State
    Kentucky
    Longitude
    -84.2832715
    Latitude
    37.5878496

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    FAQs

    What type of property is this?
    Individual retail property - 11,923 SF Retail Space - $950,000
    Where is this individual retail property located?
    The property is located at 310 Richmond Rd Berea, KY.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 11,923 SF retail storefront in high-traffic Berea, KY location.; High visibility on Richmond Rd N, near national retailers.; Ample on-site surface parking.
    Request Owner's contact information
    310 Richmond 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
    310 Richmond Rd Berea, KY 40403
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