Property profile

207 N Broadway St Berea, KY 40403

FOR SALE
Commercial real estate
Property ID
US34-1445483
7,660 SF
Entity Owned 3-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, located at 207 N Broadway in Berea, Kentucky's charming Old Town, presents a unique opportunity for businesses seeking a versatile and strategically positioned space. The building boasts a substantial 9,012 square feet, intelligently divided into a spacious 7,208-square-foot warehouse area and a well-appointed 1,804-square-foot section perfectly suited for office or retail use. Its B2 zoning classification unlocks a wide array of potential business applications, ensuring flexibility for diverse operational needs. The property's significant size and layout offer ample room for expansion or the establishment of a substantial business presence. Three-phase electric power is already installed, eliminating the need for costly upgrades and ensuring sufficient power for even the most demanding operations. Two conveniently located bathrooms cater to both employees and customers. The building benefits from an attractive street frontage, ensuring high visibility and easy accessibility for clients and customers. Situated on a 0.3-acre lot, this property offers a blend of space and prime location within a thriving community, making it an ideal investment for businesses seeking growth and success in Berea, Kentucky. The asking price is $449,500.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 7,660 SF
APN B006-0010-0004
UPID US34-1445483

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Department Store Grocery & Convenience Store

Location

207 N Broadway St Berea, KY 40403
Berea metro Census 11201 RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2023
Last sale
$325,000
3 recorded transactions
2023
Price N/A
2023
$325,000
2021
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message