120 Broadway St Berea, KY 40403-1504
This exceptional 1,034 square foot commercial property at 120 N Broadway, Berea, KY, presents a unique investment opportunity. Situated on a sizable 0.32-acre lot, this historic building, formerly known as City Hall Jail, offers immense potential for a creative entrepreneur. The charming brick structure boasts ample space ideal for a variety of artistic endeavors, such as painting, jewelry making, or candle crafting – its previous tenant successfully operated a candle and painting business. The building's character and history provide a captivating backdrop for any creative enterprise. The adjacent lot, equally impressive, provides significant outdoor space, perfect for hosting workshops, creating a relaxing picnic area, or establishing an outdoor yoga studio. The possibilities are truly endless. This property is located in the heart of Berea's renowned craft area, ensuring high visibility and access to a thriving artistic community. The asking price is $225,000, representing a compelling investment in a prime location with significant upside potential. Don't miss this chance to own a piece of Berea's rich history and vibrant artistic landscape. This property is ready for its next chapter, and your vision could be the key to unlocking its full potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.