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Multi-Suite Retail Space
For Lease
$23 SF/Yr Modified Gross

141 Southgate Drive, Georgetown, KY 40324

Commercial Lease, Georgetown, KY

Space Size1,200 SF - 4,200 SF
Lot Size0.70 Acres
Days on Market44

Property Features for 141 Southgate Drive

General Information

Property type Commercial Lease
Property subtype Retail
Zoning B-2
Directions From Lexington Road N, turn right onto Southgate Drive just before McClelland Circle. The property will be in between Ken Towery's and Big O Tires on the left.
Subdivision 005 - Scott County
Standard status Active
APN 16830100000-141
Size 1,200 SF
Lot size 0.70 Acres

Building Details

Year built 1994
Floors in Building 1
Listing Agency: Block + Lot Homes
Listed By: Lauren Cambron
Added: Sep 10 Changed: Oct 20 Last Checked: Oct 23 at 10:06PM
MLS# 26028977

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Retail space at 141 Southgate Drive is offered in suites of 1,200 SF and 3,000 SF, with a combined available range of 1,200–4,200 SF. The property occupies approximately 0.70 acres and was built in 1994. Shared parking provides 20 spaces for tenants, and signage is available on the building and a pole sign. The lease is modified gross, with tenants responsible for utilities and no additional CAM fees.

The site has access to Lexington Road and McClelland Circle, where traffic counts exceed 20,000 vehicles per day. Nearby context includes established national retailers, restaurants, and newer commercial development. B-2 zoning is identified for the property.

Key Highlights

  • Suite options of 1,200 SF and 3,000 SF; 1,200–4,200 SF total availability
  • Approximately 0.70 acres with 20 shared parking spaces
  • B‑2 zoning and modified gross lease; tenants pay utilities, with no additional CAM fees

Property Analytics

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Current Use

Exceptional Travel Travel Agency

Suggested Use

Top Pick Building Supply Law Firm Kitchen & Bath Showroom Garden Center Big Box & Wholesale Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

723
Businesses Nearby

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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - B-2 zoning and shared parking support a range of commercial uses in a modified gross lease setting.
Where is this retail space located?
The property is located at 141 Southgate Drive Georgetown, KY.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Suite options of 1,200 SF and 3,000 SF; 1,200–4,200 SF total availability; Approximately 0.70 acres with 20 shared parking spaces; B‑2 zoning and modified gross lease; tenants pay utilities, with no additional CAM fees
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