Berea, KY Retail Development Land For Sale

Vacant Land for Sale
Catylist Listing ID: 30835980
Property Subtypes: Office, Retail
Gross Land Area: 4.88 Acres
Sale Price: $500,000
Unit Price: $102,459 Per Acre
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/10/2024

Overview / Comments

We are proud to bring to market 4.877 acres of commercial development land conveniently located just off I-75 @ Exit 77 in Berea, KY. The property is zoned B-4 and multiple uses in the Berea city zoning; for instance, Multi Family, Professional or Medical office, Vehicle Repair and many more permitted uses. This area of Berea has New Retail and Restaurant development opportunities as well as Hotel development the past several years.

HIGHLIGHTS
B-4 zoning- Multifamily, Office, Repair Shops
I-75 Visibility
Retail, and residential developments near by

Additional Details

Nearest MSA: Richmond-Berea
County: Madison
Tax ID/APN: 0059-0000-0025
Zoning: B-4
Area Description: Conveniently located off I-75 via Exit 77. Berea is situated in southern Madison County near the edge of central Kentucky’s Blue Grass Region. The city is located 39 miles south of Lexington, Kentucky; 113 miles southeast of Louisville, Kentucky and 132 miles north of Knoxville, Tennessee. Home to Berea College, one of America's Top Liberal Arts schools, and gateway to Appalachia. Berea boasts the quality small town atmosphere with rich cultural and historic roots, Berea is an ideal place to live, work and play.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,527 23,031
Median Age: 33.35 35.12
Households: 3,977 8,678
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