Property profile

997 Misti Dr Berea, KY 40403

OFF-MARKET
Land
1.89 ac lot
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Property summary

AI-generated overview

This exceptional 1.89-acre commercial land parcel presents a compelling investment opportunity in Berea, Kentucky. Located at 997 Misti Dr, Berea, KY 40403, this property boasts a highly desirable B2 zoning designation, opening doors to a wide range of commercial uses or multi-family residential development. Its strategic location directly off the new Berea Bypass and in close proximity to I-75 ensures unparalleled visibility and accessibility, attracting significant foot and vehicle traffic. The property's size and zoning provide ample space for substantial development projects, catering to businesses seeking high-profile locations or developers aiming to capitalize on the growing demand for housing in the area. The asking price for this prime piece of land is $499,000. This represents a unique chance to acquire a well-positioned asset with significant potential for future growth and return on investment. The property is owned outright, simplifying the acquisition process. Madison County's thriving economy and strategic location further enhance the investment appeal of this exceptional opportunity. Don't miss this chance to secure a piece of Berea's burgeoning commercial landscape.

Property profile

Verified
Property type Land
Lot 1.89 ac (82,328 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

997 Misti Dr Berea, KY 40403
Berea metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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