101 Water St Berea, KY 40403
This exceptional Berea, KY commercial property presents a unique investment opportunity. Located at 101 Water Street, this 1.25-acre lot features two buildings totaling 1,316 square feet, currently configured as a warehouse and office space. The property is zoned B2, offering flexibility for a variety of commercial uses. Its prime location at the intersection of Hwy 1016 and Water Street ensures high visibility and accessibility, with an estimated 10,000 cars passing daily. The existing structures, including a house and garage, could be repurposed or removed to accommodate a new business. This high-traffic location is ideal for a range of commercial ventures, including retail, restaurants, or other businesses seeking maximum exposure. The asking price is $449,000. This property offers significant potential for growth and return on investment in a thriving Kentucky community. The property's existing buildings provide immediate utility, while the ample lot size allows for expansion or redevelopment. This is a rare opportunity to acquire a well-situated commercial property in a desirable location with high daily traffic counts. The property is located in Madison County, KY, zip code 40403.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.