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    1187 Paint Lick Rd Berea, KY 40403

    For Sale
    $750,000

    Highly versatile commercial property near I-75.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial property, located at 1187 Paint Lick Rd., Berea, KY 40403, presents a remarkable business opportunity. Situated on 1.03 acres of B1 zoned land, the property boasts a substantial 60' x 100' heated and cooled building, ideal for a wide range of commercial uses. An attached 50' x 60' shed offers an additional 3,000 square feet of potential enclosed space, easily finished to expand the existing footprint. The property's strategic location provides convenient access to I-75 via exit 76, ensuring high visibility and accessibility for customers and employees. Ample parking is available on-site, catering to the needs of any business. The asking price for this versatile property is $750,000. This presents a unique chance to acquire a well-situated commercial property with significant expansion potential in a thriving Kentucky community. The existing building's size and features, combined with the expansive land and convenient location, make this an attractive investment for entrepreneurs and businesses seeking a strong foothold in the Berea market. Don't miss this opportunity to secure a prime commercial property with exceptional potential.

    Property Features for 1187 Paint Lick Rd

    General Information

    Property type
    Land

    HighLights

    • $750,000 asking price.
    • 1.03‑acre lot zoned B1 in Berea, KY.
    • 60' x 100' heated and cooled building.
    • Attached 50' x 60' shed, offering potential for 3,000 sq ft of additional space.
    • Ample parking.
    • Convenient location near I‑75 exit 76.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jennings Home Center Hardware Store Locker Specialties Manufacturer UPS Authorized Shipping ... Shipping And Mailing Service

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Berea
    County
    Madison
    State
    Kentucky
    Longitude
    -84.3299687
    Latitude
    37.5600142

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    FAQs

    What type of property is this?
    Land - Highly versatile commercial property near I-75.
    Where is this land located?
    The property is located at 1187 Paint Lick Rd Berea, KY.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price.; 1.03-acre lot zoned B1 in Berea, KY.; 60' x 100' heated and cooled building.
    Request Owner's contact information
    1187 Paint Lick 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
    1187 Paint Lick Rd Berea, KY 40403
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