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

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)

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.
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