For Sale | Mixed-Use Building on Main Street | Georgetown, KY

Retail-Commercial for Sale
Catylist Listing ID: 30640193
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 10,000 SF
Sale Price: $525,000
Unit Price: $52.50 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2020

Overview / Comments

Downtown Georgetown Main Street mixed-use building available for sale. The first floor and basement are currently occupied by All That & More Boutique. The second floor includes two occupied residential apartments. A 1 bedroom/ 1 bath unit and a 2 bedroom/1 bath unit. The third floor is a partially finished, mostly open creative loft space with attractive, exposed brick and wood that would make a great residential unit or office/studio space.

Attachments & Media

Additional Details

Nearest MSA: Lexington-Fayette
County: Scott
Tax ID/APN: 166-30-338.000
Zoning: B-3
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: South Broadway
Site Description: The property is located in downtown Georgetown on East Main Street directly across from the Courthouse and very close to the Main & Broadway intersection.
Area Description: Georgetown is the 8th fastest growing city in Kentucky with a population growth rate of 11% over a five year period. Both Georgetown and Scott County have experienced employment increases. The well-established horse industry, recent expansion to several of the local manufacturing companies, the firm commitment of the Toyota Motor Manufacturing plant, the new 125,000 sf Kroger Marketplace and new high school shows steady growth for Georgetown and Scott County.
Tenancy: Multiple Tenants
Number of Stories: 3
Property Condition: Good
Construction/Siding: Brick
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,394 30,077 36,014
Median Age: 33.18 32.74 33.75
Households: 5,042 11,170 13,308

Contact

Photograph of Listing Agent

Jamie Adams

NAI Isaac KCREA Member
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