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    Old Peggy Flat Rd Berea, KY 40403

    For Sale
    $200,000

    High-visibility Berea land, ideal for retail.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.65-acre commercial land parcel presents a rare opportunity for development in Berea, Kentucky. Strategically located at Exit 77 off Interstate 75, this property boasts unparalleled visibility and accessibility. The B-4 zoning allows for a wide range of commercial uses, including retail, making it perfect for businesses seeking high traffic exposure. A conceptual plan illustrates the potential for a 2,600 square foot retail building with ample parking. The site's prime location is surrounded by a thriving mix of hotels, retail establishments, industrial facilities, offices, and residential areas, ensuring a robust customer base. Utilities are readily available. A significant advantage is the permitted 75-foot high-rise signage, offering 400 square feet of signage surface area for maximum brand visibility. The property's APN is 0060-0000-0033-E. This is a unique chance to acquire a highly visible and versatile commercial lot in a rapidly growing area. The asking price is $200,000. Don't miss this chance to capitalize on this prime location.

    Property Features for 0 Old Peggy Flat Rd

    General Information

    Property type
    Land
    Lot Size
    28,314 SF

    HighLights

    • High‑profile Interstate visibility.
    • B‑4 Commercial zoning.
    • Conceptual plan: 2,600 SF retail building with on‑site parking.
    • All utilities readily available.
    • Unique opportunity: 75‑foot high‑rise sign with 400 SF signage area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Berea
    County
    Madison
    State
    Kentucky
    Longitude
    -84.3171179
    Latitude
    37.5989808

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    FAQs

    What type of property is this?
    Land - High-visibility Berea land, ideal for retail.
    Where is this land located?
    The property is located at Old Peggy Flat Rd Berea, KY.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: High-profile Interstate visibility.; B-4 Commercial zoning.; Conceptual plan: 2,600 SF retail building with on-site parking.
    (859) 421-8959
    Request Owner's contact information
    Old Peggy Flat Rd 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
    Old Peggy Flat Rd Berea, KY 40403
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