For Sale | +/-161 AC of Industrial Land | Georgetown, KY
Vacant Land
for Sale
| Catylist Listing ID: |
30565042 |
| Property Subtypes: |
Industrial
|
| Gross Land Area: |
161 Acres
|
| Sale Price: |
$38,000 Per Acre |
| Total Price: |
$6,118,000 |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/15/2021 |
Overview / Comments
|
+/- 161 acres of zoned I-1 land for sale in Georgetown. The land is located across from Toyota Manufacturing Plant near Norfolk Southern Railroad Intermodal Shipping Terminal and Delaplain Industrial Park. The property is located +/-2 miles from Exit 129 at I-75 and across from +/-7,000,000 SF Toyota Motor Manufacturing Plant (Gates 3 & 4), which is the largest Toyota manufacturing plant in the world, annually capable of producing 550,000 vehicles and more than 600,000 engines with over 8,000 employees. Average daily traffic count of +/-11,065 ('17) along Cherry Blossom Way. The Georgetown/Scott County area has been growing rapidly in recent years. 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 recent expansion to several of the local manufacturing companies, Toyota's $1.3 Billion commitment to re-tool the Toyota Motor Manufacturing Plant, the addition of a new 125,000 sf Kroger Marketplace, several new subdivisions and a new high school shows steady growth for Georgetown and Scott County.
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Additional Details
| Nearest MSA: |
Lexington-Fayette |
| County: |
Scott |
| Tax ID/APN: |
186-20-001.000 |
| Zoning: |
I-1, LIGHT INDUSTRIAL |
| Property Visibility: |
Good |
| Area Description: |
The property is located +/-2 miles from Exit 129 at I-75 across from the Toyota Manufacturing Plant. The Georgetown/Scott County area has been growing rapidly in recent years. 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 recent expansion to several of the local manufacturing companies, Toyota's $1.3 Billion commitment to re-tool the Toyota Motor Manufacturing Plant, the addition of a new 125,000 sf Kroger Marketplace, several new subdivisions and a new high school shows steady growth for Georgetown and Scott County.
|
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
4,657 |
22,910 |
| Median Age: |
33.86 |
34.88 |
| Households: |
1,642 |
8,297 |
|
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