1648 Berea Road, Richmond, KY 40475
$1,300,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
169,448
Status:
Closed
Current Price:
$1,300,000
List Date:
5/05/2023
Last Modified:
9/04/2025
Overview
Description
Listing Details MLS# 23008108
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Business
Status Change Information
- Status Change Timestamp
- 2024-09-10
- Purchase Contract Date
- 2024-06-12
- Close Date
- 2024-09-10
- Close Price
- 1300000
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
Address
- County
- Madison
- Street Number
- 1648
- Street Name
- Berea
- Street Suffix
- Road
- State
- KY
- Zip Code
- 40475
- Parcel Number
- 0070-0000-0058-C1
Contract
- Original List Price
- 1500000
- Start Showing Date
- 2023-05-05
- Listing Contract Date
- 2023-05-05
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- SP/LP
- 0.87
Tax Legal
- MLS Area Major
- 008 - Madison County
- Subdivision Name
- Rural
Parking Information
- Parking Total
- 56
More Information
Building
- Year Built
- 9999
- Stories Total
- Yes
Lot
- Lot Size Acres
- 3.89
- Lot Size Square Feet
- 169448
- Road Frontage Feet
- 755
Remarks
- Public Remarks
- Amazing opportunity to immediately generate income with storage units and build your business on vacant land. Located in a heavily traveled 4 way intersection. 4 parcels will be sold together. 1648 Berea Rd (Parcel 0070-0000-0058-C1). 1650 Berea Rd( Parcel 0070-0000-0048). 1646 Quality Dr (Parcel 0070-0000-0058-CC) . Currently there are 3 storage buildings that total 42 units plus a small office. 128 Quality Dr (Parcel 0070-0000-0058-D). Vacant land but is currently being leased to individuals to park cars, trucks and equipment. Property lines on pictures and video are approximate and buyers should satisfy themselves.
Building and Property Details
- Inground Tank YN
- No
- Railroad Siding YN
- No
- # of Floors Serviced
- Yes
- Maximum Ceiling Height
- 8
- Warehouse SqFt
- 6400
- Electricity Location
- 2 meters security light poles, 1 bldg
Income and Expenses
- Electric Expense
- 3036
- Gross Scheduled Income
- 60000
- Insurance Expense
- 5500
- Real Estate Taxes
- 1994
- Total Actual Rent
- 60000
Tax & Legal
- Tax Rate
- 0.0097
- Zoning Description
- UC4, UC7
- Directions
- From I-75 South take Exit 83(Duncannon at Buccees)Going towards Berea on 25 from Richmond, approx. 1 mile from Kroger Intersection. Properties are on the right side of road.
Association/Community
- Number Of Buildings
- 3
Utilities
- Electricity Connected
- Yes
- Water Available
- Yes
Construction Materials
- Aluminum Siding
- Yes
- Block
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Gravel
- Yes
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
- Subject To Tenant Rights
- Yes
Roof
- Metal
- Yes
Sewer
- Septic Tank
- Yes
Special Listing Conditions
- Standard
- Yes
Building Features
- Concrete Floor
- Yes
Business Type
- Commercial
- Yes
- Industrial
- Yes
- Warehouse
- Yes
Docks
- None
- Yes
Existing Lease Type
- Gross
- Yes
Sale Includes
- Building(s)
- Yes
- Business
- Yes
- Land
- Yes
- Leases
- Yes
Tenant Pays
- None
- Yes
Documents
- Appraisal
- Yes
- Environmental Impact
- Yes
- Survey
- Yes
Property Features
Utilities:
Electricity Connected; Water Available; Electricity Connected; Water Available
Building Features:
Concrete Floor
Business Type:
Commercial; Industrial; Warehouse
Construction Materials:
Aluminum Siding; Block
Docks:
None
Existing Lease Type:
Gross
Listing Terms:
Cash; Conventional
Parking Features:
Gravel; On Site; Paved
Possession:
Close Of Escrow; Subject To Tenant Rights
Roof:
Metal
Sale Includes:
Building(s); Business; Land; Leases
Sewer:
Septic Tank
Special Listing Conditions:
Standard
Tenant Pays:
None
Documents:
Appraisal; Environmental Impact; Survey
Listing Office:
Keller Williams Legacy Group
Last Updated: September - 04 - 2025
Information deemed reliable but not guaranteed.