1031 Highway 1016, Berea, KY 40403
Downtown · Madison County
Key Facts
Description
A versatile commercial property in Berea, KY, zoned B2 and positioned just off the Berea Bypass, offers exceptional visibility and a wide range of incomeproducing possibilities. The level 2.917acre lot provides extensive road frontage, making it ideal for signage, customer access, and future development. Multiple storageunit buildings already on site create an immediate revenue stream, with strong demand in the area for secure storage options. A house located on the property adds even more flexibility, functioning as a comfortable residence, a business office, or a rental unit depending on your needs. The combination of commercial zoning, existing infrastructure, and prime location within city limits makes this property well suited for entrepreneurs, investors, or anyone seeking a livework setup with room to grow.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Stories
1
Living Area
7,880 sq ft
Lot Size
2.92 acres
Lot Dimensions
See plat attached to listing
Zoning
Other
MLS® Listing#
26006201
Property Features
Appliances
Cooling
Heating
Basement
Parking
Roof
Utilities
Sewer
Financial Details
Parcel Number
0073-0000-0074
Directions
From the bypass take the roundabout towards town on HWY 1016 and property will be on the left.
Affordability Calculator
$119,980
Estimated monthly payment
$3,193/mo
Principal $479,920 · Est. interest $669,531 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Berea, KY
- $303,371
- Median Listing Price
- 48
- Median Days on Market
- 1,687
- Median Sq Ft
- $175
- Median Price / Sq Ft
- 112
- Active Listings
- This home’s price is 98% above the area median.
- Its price per sq ft is 56% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Berea, KY.
Location
Points of Interest in Berea, KY
Showing the Berea area map.
Nearby Schools
Silver Creek Elementary School
Elementary · 0.2 mi away
MSHS Eagles
School · 1.1 mi away
Madison Southern High School
Secondary · 1.1 mi away
Foley Middle School
Secondary · 1.2 mi away
Shannon Johnson Elementary School
Elementary · 1.2 mi away
Berea Community High School
Secondary · 1.6 mi away
Berea Community Elementary School
Elementary · 1.6 mi away
New Opportunity School
Secondary · 1.9 mi away
The Woodworking School at Pine Croft
School · 2.0 mi away
Holding Hands Montessori School
Elementary · 2.5 mi away
Farristown Middle School
Secondary · 2.6 mi away
Kingston Elementary School
Elementary · 4.5 mi away
Kirksville Elementary School
Elementary · 7.7 mi away
Clark Moores Middle School
Secondary · 9.8 mi away
Model Laboratory School
School · 9.9 mi away
Mayfield Elementary School
Elementary · 10.4 mi away
Madison County Schools
School · 10.4 mi away
Richmond Montessori School
Elementary · 10.6 mi away
Madison Middle School
Secondary · 10.9 mi away
First Presbyterian Preschool
School · 11.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 75 Ridge Avenue, Berea, KY | $449,000 | 4 | 3 | 2,781 |
| 404 Bronx Place, Berea, KY | $449,700 | 4 | 3 | 2,350 |
| 120 Rolling Ridge Drive, Berea, KY | $469,900 | 3 | 3 | 2,914 |
| 601 S Dogwood Drive, Berea, KY | $485,000 | 3 | 3 | 3,830 |
| 9999 Peggy Flats Road, Berea, KY | $499,000 | — | — | — |
| 1509 Chardonnay Way, Berea, KY | $499,900 | 4 | 3 | 2,170 |
Moving Cost Estimate
EXIT Agents in Berea
Listing Courtesy: Century 21 Pinnacle - 8596231900
Last Updated: 2026-03-27