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113 Lester St 3,000 SF 50% Leased Retail Building Berea, KY 40403 $756 CAD ($0.25 CAD/SF)
Investment Highlights
- Two occupied two-bedroom apartments provide existing rental income.
- Two 10' x 10' garage doors support flexible business operations.
- Located in downtown Berea near established businesses and services.
- Commercial level includes HVAC and a roughed-in half bath.
- Includes both commercial and residential-zoned parcels.
- Mixed-use configuration supports owner-user or investment strategies.
Executive Summary
Rare opportunity to acquire a mixed-use triplex property in downtown Berea featuring income-producing residential units and flexible commercial space on a combined 1.21 acres across two parcels. The property offers a unique blend of current rental income and future redevelopment or owner-user potential in one of Madison County's established commercial districts.
The main level includes approximately 1,500 square feet configured for commercial use with a roughed-in half bath, two 10' x 10' garage doors, HVAC service, and a layout suitable for a variety of business operations. The commercial component benefits from B-2 Commercial zoning and provides flexibility for retail, service, office, workshop, or other permitted commercial uses.
Above the commercial space are two residential apartments, each featuring two bedrooms and one full bathroom. Both units are currently occupied, providing in-place rental income and supporting the property's mixed-use investment profile.
The offering includes two separate tracts. Parcel PVA#B006-0007-0026 contains the triplex improvements on approximately 0.60 acres and is zoned B-2 Commercial. Parcel PVA#B006-0007-0027 contains approximately 0.61 acres and is zoned Residential. The combination of commercial and residential zoning creates multiple possibilities for future use, expansion, redevelopment, or long-term hold strategies, subject to local regulations and approvals.
The main level includes approximately 1,500 square feet configured for commercial use with a roughed-in half bath, two 10' x 10' garage doors, HVAC service, and a layout suitable for a variety of business operations. The commercial component benefits from B-2 Commercial zoning and provides flexibility for retail, service, office, workshop, or other permitted commercial uses.
Above the commercial space are two residential apartments, each featuring two bedrooms and one full bathroom. Both units are currently occupied, providing in-place rental income and supporting the property's mixed-use investment profile.
The offering includes two separate tracts. Parcel PVA#B006-0007-0026 contains the triplex improvements on approximately 0.60 acres and is zoned B-2 Commercial. Parcel PVA#B006-0007-0027 contains approximately 0.61 acres and is zoned Residential. The combination of commercial and residential zoning creates multiple possibilities for future use, expansion, redevelopment, or long-term hold strategies, subject to local regulations and approvals.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,000 SF
Building Class
C
Year Built
2017
Price
$756 CAD
Price Per SF
$0.25 CAD
Percent Leased
50%
Building Height
2 Stories
Building FAR
0.06
Lot Size
1.08 AC
Zoning
B-2 - Major Business District
Parking
10 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
128’ on Lester Street
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $309,960 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$309,960 CAD
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113 Lester St
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