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$4,700,000 ↓$1,500,000on 10/2/2024

2933 HWY 1016 Berea, KY  40403

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Property Description for 2933 HWY 1016 Berea, KY 40403

Here's your opportunity to own a full-service die repair and machine shop just 6.2 miles from I-75. This a precision machined parts manufacturing business that includes all the machinery and tools needed for full-service die repair and machine shop. This is a profitable business with ongoing accounts including Fortune 500 companies. The business spans 2.71 acres, with an additional 10.51 acres available for expansion. The building is top of the line steel building consisting of 6,250 sq ft (50' X 125') with 14ft eves and 20 ft high center section, two 16 ft bay doors, one 12 ft door, concrete flooring, two bathrooms, an office, two 10-ton HVAC units, 2 forklifts, office equipment, 2 company trucks. not to mention all of the machine equipment and much more. Other amenities include a beautiful 19 ft deep, spring-fed pond with catfish, bass, crappie, and bluegill fish. This shop has a lot to offer and is in the perfect location! The owner is willing to help the new owner meet all established accounts and continue business. Call today to schedule a private showing.
QuickBuy option for home selling

Address:2933 HWY 1016 Berea KY 40403
Status:Active
on site: 134 days
Price:$4,700,000
Bathrooms:0
Year Built:2006
Lot Size:13.22
County: Madison
MLS #:24016140

Lot Dimensions:575863
Directions:From I-75 North turn onto Berea Exit 77, turn Right onto KY-595. Keep straight to get onto KY-956. At the roundabout, take the 3rd exit for KY-1016 / Highway 1016. Go about 1.4 miles. Building will be on the Right.

Loan Price
$26,475
Price And Interest $24,517/month
Property Tax $0/month
MTG INS $0/month
HOME INS $1,958/month
Price
$4,700,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$23,496 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
10/02/24 $6,200,000 $4,700,000 -24.2%
10/02/24 $6,200,000 $4,700,000 -24.2%
08/23/24 $7,000,000 $6,200,000 -11.4%
08/23/24 $7,000,000 $6,200,000 -11.4%

Mandatory HOA Fee:$

Area: 008 - Madison County
City:Berea
Subdivision: Rural
Zip Code:40403

Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Julie Huff with Reliance One Realty

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Berea, KY Market Report

99
Avg. DOM
$165.79
Avg. $ / Sq.Ft.
$ 268,900
Med. List Price

The house prices in Berea are not dropping at the moment. There has been a increase in price of $10,221.67. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Berea are going Up. The average house price is $269,900.00 and the average price per square feet is $165.79 per square feet. At the moment, the amount of homes listed is exactly 324 houses, with 97 with active status, 34 with pending status and 193 sold in Berea .

The most popular place to buy a home in Berea is 008 - Madison County. 008 - Madison County is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Berea .

The average amount of property taxes you would have to pay for a home in Berea is $0.00. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Berea are staying listed for an average of 76 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Berea was 3406 minutes ago.

At the moment we have 3 open houses that you can visit.

The cost of the most expensive home in Berea is $869,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Berea is $65,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Berea in year 1770 and the newest built house is in year 9999.

The average size of properties in Berea is 16.78 sq.ft. , the biggest one being 1628 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.