Berea, KY Retail Development Land For Sale

Peggy Flats Development Land Berea, KY 40403

Peggy Flats Development Land , Berea, KY, 40403
Peggy Flats Development Land , Berea, KY, 40403 Peggy Flats Development Land , Berea, KY, 40403 Peggy Flats Development Land , Berea, KY, 40403 Peggy Flats Development Land , Berea, KY, 40403 Peggy Flats Development Land , Berea, KY, 40403 Peggy Flats Development Land , Berea, KY, 40403 Peggy Flats Development Land , Berea, KY, 40403 Peggy Flats Development Land , Berea, KY, 40403
FOR SALE
Property Type:
Other Land
Amount:
$500,000
Last Verified:
Nov 05, 2024

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Highlights

  • 4.877 Acres Available
  • Commercial Development Opportunity
  • B-4 zoning- Multifamily, Office, Repair Shops
  • I-75 Visibility
  • Retail, and residential developments near by

Description

SVN Stone Commercial is 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 has 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 and Hotel development over the past several years.
Contact SVN Stone Senior Advisor, Neal Metcalfe, for details or schedule a showing- 859-312-8069 or neal.metcalfe@svn.com.

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.

Lot Size: 4.88 acres


Documents

Brochure - Peggy Flats Development Land
Plat - Peggy Flats Development Land

Map of Peggy Flats Development Land , Berea, KY, 40403

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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.