Multi-Tenant Retail Center with
For Sale
Contact for pricing
107 Canewood Center Dr, Georgetown, KY 40324
B-2-zoned retail center offers divisible suites, including a drive-through and patio end-cap.
Property Size7,199 SF
Price / SF$0.00
Days on Market48
Property Features for 107 Canewood Center Dr
General Information
Standard status
Active
Size
7,199 SF
Property subtype
Retail
Zoning
B-2
Lease Term
NNN
Building Details
Tenancy
Multi
Properties For Sale
at 107 Canewood Center Dr Contact usSuite 110
Size
2,399 SF
Term
Negotiable
Suite 120
Size
1,700 SF
Term
Negotiable
Suite 130
Size
1,500 SF
Term
Negotiable
Listing Agency:
SVN | Stone Commercial Real Estate
Listed By:
Nathan Dilly · License #76902
(859) 420-5492
Source:
Svnstone
Added: Aug 30
Changed: Oct 14
Last Checked: Oct 14 at 9:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Stone Commercial Real Estate
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Investment Insights
Based on property information with market context.
Canewood Commons is a ±7,199 SF multi-tenant retail center with a flexible suite configuration. Suite 140 is occupied by Jersey Mike's Subs, while approximately ±5,599 SF remains across three divisible suites. Suite 110 includes a drive-through and patio end-cap configuration.
The property is located on Canewood Center Drive at the Frankfort Pike (US 460) and McClelland Circle node in Georgetown, Kentucky. B-2 zoning supports the property's retail-center classification and existing commercial layout.
The property is located on Canewood Center Drive at the Frankfort Pike (US 460) and McClelland Circle node in Georgetown, Kentucky. B-2 zoning supports the property's retail-center classification and existing commercial layout.
Key Highlights
- ±7,199 SF multi‑tenant retail center
- ±5,599 SF across three divisible suites
- Suite 110 includes a drive‑through and patio end‑cap
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,502
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,040
$1.4M
Cap Rate 7%
$978,600
$978.6K
Cap Rate 9%
$761,133
$761.1K
Market Conditions
NOI Build-Up for 7,199 SF
Gross rent
$103.7K $14.40/SF
− Vacancy
−$5.8K −$0.81/SF
EGI
$97.9K $13.59/SF
− OpEx
−$29.4K −$4.08/SF
NOI
$68.5K $9.52/SF
Area
Scott County, KY
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,040
Cap Rate 7%
$978,600
Cap Rate 9%
$761,133
Alternative Uses
Best Use
Retail
$978.6K
$856.3K – $1.14M
NOI $68,502 @ 7.0% cap · market cap 214,068.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,716 @ 7.0% cap · market cap 399,112.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40324, KY
51,035
Population
20,570
Households
2.5
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
155.1 sq mi
ZIP Area
329
Density / Sq Mi
$83,012
Median Household Income
$47,619
Median Earnings
$1,188
Median Rent
$262,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - B-2-zoned retail center offers divisible suites, including a drive-through and patio end-cap.
Where is this shopping center located?
The property is located at 107 Canewood Center Dr Georgetown, KY.
What are key features of this property?
This property features: ±7,199 SF multi‑tenant retail center; ±5,599 SF across three divisible suites; Suite 110 includes a drive‑through and patio end‑cap
