Development Land Opportunity - Berea, KY

408 412 Pauline Drive Berea, KY 40476

408 412 Pauline Drive, Berea, KY, 40476
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FOR SALE
Property Type:
Commercial Land Development
Amount:
$525,000
Last Verified:
Nov 05, 2024

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Highlights

  • 3.61 acres of development land in Berea, KY
  • Zoned B-4
  • Possible uses: office, retail, restaurant, or hospitality
  • Join Tractor Supply and Dollar General in Berea
  • Located off Exit 77 on I-75

Description

SVN Stone Commercial is pleased to present this development land opportunity in Berea, KY. The Pauline Drive lots offer 3.61 acres, which would be ideal for a restaurant, retail, office, or hospitality user. Recent developments with Tractor Supply and Dollar General are thriving, and NEW townhomes are increasing the residential density here. For more information, contact Neal Metcalfe at 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: 3.61 acres


Documents

Brochure - 408 412 Pauline Drive, Berea
Aerial - 408 412 Pauline Drive, Berea

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.