330 Walnut Creek Drive, Berea, KY 40403

$2,750,000
Property Type: Commercial Sale Square Footage: 35,641 Lot Size (sq. ft.): 135,036 Status: Closed
Current Price: $2,750,000 List Date: 11/16/2021 Last Modified: 9/03/2025

Overview

Description

60 room Hotel on 3.1 acres, built in 2006, over 5.5M invested. Excellent visibility from I-75 Exit 77, 27 miles South of Lexington, 10 miles South of Richmond. Excellent opportunity to re-brand or re-purpose for apartments, student housing, assisted living or medical related facility. Owners are retiring and are flexible on sale terms.

Listing Details MLS# 20124682

Listing Information

Comp Sale YN
No
Property Sub Type
Hotel/Motel

Status Change Information

Status Change Timestamp
2022-07-07
Purchase Contract Date
2022-03-15
Close Date
2022-07-01
Close Price
2750000
Buyer Financing
Conventional
Sale Type
Arms Length Sale

Address

County
Madison
Street Number
330
Street Name
Walnut Creek
Street Suffix
Drive
State
KY
Zip Code
40403
Parcel Number
46769

Contract

Original List Price
3100000
Start Showing Date
2021-11-16
Listing Contract Date
2021-11-16
Listing Agreement
Exclusive Right To Sell
Occupant Type
Occupied
Office Exclusive YN
No
List Price/SqFt
86.98
Sold Price/SqFt
77.16
SP/LP
0.89

Tax Legal

MLS Area Major
008 - Madison County
Subdivision Name
Commercial

Interior

Building Area Total
35641

More Information

Parking Information

Parking Total
56

Building

Year Built
2006
Stories Total
3

Lot

Lot Size Acres
3.1
Lot Size Square Feet
135036

Utilities

Cooling YN
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Phone Available
Yes
Sewer Connected
Yes
Water Connected
Yes

Remarks

Public Remarks
60 room Hotel on 3.1 acres, built in 2006, over 5.5M invested. Excellent visibility from I-75 Exit 77, 27 miles South of Lexington, 10 miles South of Richmond. Excellent opportunity to re-brand or re-purpose for apartments, student housing, assisted living or medical related facility. Owners are retiring and are flexible on sale terms.

Showing Information

Showing Instructions
Contact agent

Tax & Legal

Tax Rate
0.0111
Zoning Description
Commercial
Directions
I-75 to Exit 77

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

On Site
Yes
Paved
Yes

Security Features

Fire Sprinkler System
Yes

Sewer

Public Sewer
Yes

Water Heater

Water Heater
Yes

Building Features

Elevator(s)
Yes

Business Type

Hotel/Motel
Yes

Sale Includes

Building(s)
Yes
Business
Yes
Equipment
Yes
Fixtures
Yes
Furniture
Yes
Inventory
Yes
Land
Yes
Licenses
Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Building Features: Elevator(s) Business Type: Hotel/Motel Listing Terms: Cash; Conventional Parking Features: On Site; Paved Sale Includes: Building(s); Business; Equipment; Fixtures; Furniture; Inventory; Land; Licenses Security Features: Fire Sprinkler System Sewer: Public Sewer Water Heater: Water Heater
Listing Office: The Gibson Company
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.
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