412 Pauline DrBerea, KY 40403

Property Details for 412 Pauline Dr

Lot size

2.10 AC

Property type

Commercial real estate

APN

0060-0000-0031-17

APU

600000003117

Description

This exceptional 3.61-acre commercial land parcel presents a prime development opportunity in Berea, Kentucky. Strategically located off Exit 77 of I-75, this property boasts a highly desirable B-4 zoning classification, allowing for a diverse range of commercial uses. Envision a thriving restaurant, retail establishment, office complex, or hospitality venture on this expansive site. The area is experiencing significant growth, with recent successful developments including Tractor Supply and Dollar General, demonstrating strong market demand. Furthermore, the addition of new townhomes nearby significantly increases the residential density, creating a robust customer base for any commercial development. The property's size and location offer unparalleled potential for substantial return on investment. This is a rare chance to capitalize on Berea's burgeoning commercial sector and establish a successful business in a thriving community. The asking price for this exceptional opportunity is $525,000. The address is 412 Pauline Dr, Berea, KY 40403, situated in Madison County. This property is ready for your vision and offers a unique chance to shape the future of Berea's commercial landscape. Don't miss this chance to secure a prime piece of Kentucky real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $17,787,300

  6.5%

  $16,419,000

  7%

  $15,246,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,775,730

  Geo Method

  $7,874,250

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $31,703,800

  Retail / Commercial

  $16,379,200

  Mixed-Use / Specialty

  $16,416,700

  Hospitality / Lodging

  $12,169,200

  Office

  $16,419,000

  Institutional / Educational

  $17,101,000

  Residential Income

  $20,008,200

  Multifamily

  $23,465,200

  Automotive / Energy

  $14,658,000

  Parking / Income-Based Land

  $4,963,580

  Restaurant / Food Service

  $8,743,050

  Healthcare / Senior Housing

  $16,736,700

Location Insight

City

Berea

County

Madison

State

Kentucky

Latitude

37.6015

Longitude

-84.3169

CBSA code

40080

CBSA name

RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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