207 Broadway StBerea, KY 40403

  • Commercial real estate
  • 7,660 SF
For Sale
$449,500 View listing

Property Details for 207 Broadway St

Property size (Sq ft)
7,660 SF
Property type
Commercial real estate
APN
B006-0010-0004
APU
B00600100004

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,504,294
    Hospitality
    $1,377,925
    Educational
    $1,146,417
    Medical
    $1,185,844
    Retail
    $1,783,316

Location Insight

City
Berea
County
Madison
State
Kentucky
Latitude
37.5717
Longitude
-84.2993
CBSA code
40080
CBSA name
RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,335
-
-
$255,000
-
-
-
$255,000

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