Zoned B-2 Land

Highway 1016 Berea, KY 40403

Highway 1016, Berea, KY, 40403
Highway 1016, Berea, KY, 40403
FOR SALE
Property Type:
Other Land
Amount:
$400,000
Last Verified:
Nov 05, 2024

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Highlights

  • Lots 3-A/B: +/-9.23 acres located on Highway 1016 (Kingston Road) for sale
  • Close proximity to the proposed By-pass Extension, downtown Berea, Berea College, public schools and the Richmond Road commercial corridor
  • Berea and Madison County are one of the fastest growing areas in Kentucky. Berea is the fastest growing city in the Bluegrass Region and the eighth fastest growing city in Kentucky. Berea has a lower cost of living than the larger cities in the Bluegrass Region.
  • Zoned B-2, Highway Business
  • Sale Price: $400,000

Description

NAI Isaac is pleased to present Lots 3-A/B is +/-9.23 acres located on Highway 1016 (Kingston Road) for sale. Close proximity to the proposed By-pass Extension, downtown Berea, Berea College, public schools and the Richmond Road commercial corridor. Berea and Madison County are one of the fastest growing areas in Kentucky. Berea is the fastest growing city in the Bluegrass Region and the eighth fastest growing city in Kentucky. Berea has a lower cost of living than the larger cities in the Bluegrass Region.

Berea is only 40 miles south of Lexington, KY and 15 miles from Richmond, KY. Berea is a city of approximately 13,500 people located on Interstate 75 (exits 76 and 77) and a short distance to Interstates 64, 65 and 40. It has access to a major airport as well as a local airport. Berea is in close proximity to the majority of US population (54%), personal income (53%), retail sales (51%) and manufacturing employment (60%). Berea is also one of the fastest growing towns in Kentucky. Berea is a principal city of the Richmond Berea Micropolitan Statistical Area, which includes all of Madison and Rockcastle counties.

The town is known for Berea College, with its commitment to interracial co-education and service to the Appalachian Region. Berea is the Folk Arts and Crafts Capital of Kentucky- Where Art' s Alive. Berea hosts the headquarters of the Kentucky Guild of Artists and Craftsmen-50 years old in 2011, the Kentucky Artisan Center, along with a colony of studio artists; its employment base includes over 3,500 jobs in manufacturing.

Lot Size: 9.23 acres


Documents

Berea-Hwy 1016 Land
Berea-Hwy 1016 Flyer

Map of Highway 1016, Berea, KY, 40403

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.