Development Land- Retail-Office- Hospitality Berea KY

408 412 Pauline Drive Berea, KY 40476

408 412 Pauline Drive, Berea, KY, 40476
408 412 Pauline Drive, Berea, KY, 40476
FOR SALE
Property Type:
Commercial Land Development
Amount:
$700,000
Last Verified:
Feb 23, 2021

Highlights

  • Join Tractor Supply, Dollar General in Berea!
  • 3.5 acres development land Berea KY
  • Office, Retail, Restaurant or Hospitality options here
  • Exit 77, off I-75

Description

SVN Stone Commercial is proud to offer this development land in Berea KY. The Pauline Drive lots up to 3.5 acres would be ideal for restaurant, retail, office or hospitality. Recent developments with Tractor Supply, Dollar General are thriving as are the residential surrounding the parcels. $194,444 per acre or $700,000 for all 3.5 acres. Contact Neal Metcalfe, Advisor for more information, 859-312-8069 neal.metcalfe@svn.com.

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 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.

Lot Size: 3.6 acres

Map of 408 412 Pauline Drive, Berea, KY, 40476

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.