404 KY-1016, Berea, KY 40403
Richwood · Madison County
Key Facts
Description
Rare investment opportunity in Berea's Highway 1016 commercial corridor. This single-story multi-unit commercial building offers flexible space suitable for retail storefronts, professional office use, or service-oriented tenants. Currently configured with several office or tenant spaces, the property historically housed a daycare and includes multiple restroom facilities, kitchen space, and separate entry points — ideal for owner-occupiers or investors. Located in a high-traffic area near other established businesses with ample parking and visibility.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1988
Living Area
3,200 sq ft
Lot Size
0.33 acres
Zoning
B-1
MLS® Listing#
26003123
Property Features
Financial Details
Parcel Number
B009-0007-0004-B
Directions
From Holiday Inn Head toward KY-21 E Turn left toward KY-21 E 154 ft Turn right toward KY-21 E Turn right onto KY-21 E Continue onto Estill St Continue straight onto KY-1016 N/Estill St
Affordability Calculator
$65,000
Estimated monthly payment
$1,730/mo
Principal $260,000 · Est. interest $362,723 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 7% above the area median.
- Its price per sq ft is 42% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Berea, KY.
Location
Getting Around
Points of Interest in Berea, KY
Showing the Berea area map.
Nearby Schools
MSHS Eagles
School · 0.6 mi away
Madison Southern High School
Secondary · 0.6 mi away
Silver Creek Elementary School
Elementary · 0.6 mi away
Foley Middle School
Secondary · 0.6 mi away
Shannon Johnson Elementary School
Elementary · 0.8 mi away
Berea Community High School
Secondary · 1.0 mi away
Berea Community Elementary School
Elementary · 1.0 mi away
New Opportunity School
Secondary · 1.4 mi away
Holding Hands Montessori School
Elementary · 1.9 mi away
The Woodworking School at Pine Croft
School · 2.2 mi away
Farristown Middle School
Secondary · 2.5 mi away
Kingston Elementary School
Elementary · 4.9 mi away
Kirksville Elementary School
Elementary · 7.6 mi away
Model Laboratory School
School · 10.0 mi away
Clark Moores Middle School
Secondary · 10.0 mi away
Mayfield Elementary School
Elementary · 10.6 mi away
Paint Lick Elementary School
Elementary · 10.6 mi away
Madison County Schools
School · 10.7 mi away
Richmond Montessori School
Elementary · 10.7 mi away
Roundstone Elementary School
Elementary · 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 |
|---|---|---|---|---|
| 844 #6 Ridgewood Drive, Berea, KY | $229,900 | 2 | 3 | 1,275 |
| 844 #4 Ridgewood Drive, Berea, KY | $229,900 | 2 | 3 | 1,275 |
| 62 Shady Lane, Berea, KY | $229,900 | 4 | 3 | 2,002 |
| 844 #5 Ridgewood Drive, Berea, KY | $229,900 | 2 | 3 | 1,275 |
| 844 #2 Ridgewood Drive, Berea, KY | $234,900 | 2 | 3 | 1,275 |
| 844 #3 Ridgewood Drive, Berea, KY | $234,900 | 2 | 3 | 1,275 |
Moving Cost Estimate
EXIT Agents in Berea
Listing Courtesy: Epique Realty - 5025528001
Last Updated: 2026-02-20