106 Fairgrounds Road, Berea, KY 40403
$850,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
42,689
Status:
Closed
Current Price:
$850,000
List Date:
11/01/2023
Last Modified:
9/04/2025
Overview
Description
Listing Details MLS# 23021107
Listing Information
- Comp Sale YN
- No
Status Change Information
- Status Change Timestamp
- 2024-09-11
- Purchase Contract Date
- 2024-04-02
- Close Date
- 2024-09-09
- Close Price
- 850000
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
Address
- County
- Madison
- Street Number
- 106
- Street Name
- Fairgrounds
- Street Suffix
- Road
- State
- KY
- Zip Code
- 40403
- Parcel Number
- B009-0006-0006
Contract
- Original List Price
- 975000
- Start Showing Date
- 2023-11-01
- Listing Contract Date
- 2023-11-01
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Occupied
- Office Exclusive YN
- No
- SP/LP
- 0.87
Tax Legal
- MLS Area Major
- 008 - Madison County
- Subdivision Name
- Downtown
Parking Information
- Parking Total
- 20
More Information
Building
- Year Built
- 1990
- Stories Total
- Yes
Lot
- Lot Size Acres
- 0.98
- Lot Size Square Feet
- 42689
- Lot Size Dimensions
- 196 x ?
- Road Frontage Feet
- 229
Remarks
- Public Remarks
- Very Successful Business and Real Estate Buildings. Seller has operated this profitable business for 17 years, and now is retiring due to illness. Real Estate consists of 3 buildings. #106 consists of office, clean up bay and body and frame shop. #110 consists of paint room and paint primer shop. #109 Body Shop and 108 Body-PDR Shop. The 3rd structure consists of 11 Storage units in adjoining buildings. Business shows a great net income, P&L's are available. Great location off the Berea Strip (US 25). short distance to By-pass to Exit 77 (I-75)
Building and Property Details
- Building Expansion Potential YN
- Yes
Showing Information
- Showing Instructions
- Showing Time
Tax & Legal
- Tax Rate
- 0.0107
- Zoning Description
- B-2
- Directions
- Located off the Strip in Berea (US 25) on Fairgrounds Road.
Association/Community
- Number Of Buildings
- 3
Utilities
- Phone Available
- Yes
Construction Materials
- Block
- Yes
Parking Features
- Off Site
- Yes
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Composition
- Yes
- Shingle
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Standard
- Yes
Building Features
- Concrete Floor
- Yes
Business Type
- Other
- Yes
Docks
- None
- Yes
Electric
- 3 Phase
- Yes
Existing Lease Type
- None
- Yes
Sale Includes
- Building(s)
- Yes
- Business
- Yes
- Equipment
- Yes
- Fixtures
- Yes
- Furniture
- Yes
- Inventory
- Yes
- Land
- Yes
Documents
- Appraisal
- Yes
Property Features
Utilities:
Phone Available; Phone Available
Building Features:
Concrete Floor
Business Type:
Other
Construction Materials:
Block
Docks:
None
Electric:
3 Phase
Existing Lease Type:
None
Parking Features:
Off Site; On Site; Paved
Possession:
Close Of Escrow
Roof:
Composition; Shingle
Sale Includes:
Building(s); Business; Equipment; Fixtures; Furniture; Inventory; Land
Sewer:
Public Sewer
Special Listing Conditions:
Standard
Documents:
Appraisal
Listing Office:
Berkshire Hathaway HomeServices Foster Realtors
Last Updated: September - 04 - 2025
Information deemed reliable but not guaranteed.