Former Big Lots Retail
For Sale
$5,000,000
1651 Paris Pike, Georgetown, KY 40324
Freestanding retail property with refreshed exterior, pylon signage, signalized-corner access, and on-site parking.
Property Size35,000 SF
Lot Size3.25 Acres
Price / SF$142.86
Days on Market493
Property Features for 1651 Paris Pike
General Information
Standard status
Active
Size
35,000 SF
Lot size
3.25 Acres
Property subtype
Retail
Zoning
B-2
Site & Location
Corner Location
Yes
Pylon Signage
Yes
Highway Access
Yes
Listing Agency:
Walter Wagner, Jr Co., LLC
Listed By:
Kevin Sullivan · License #77474
(502) 724-2550
Source:
Kcrea.resimplifi
Added: Jun 10, 2025
Changed: Oct 2
Last Checked: Oct 14 at 7:41PM
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 Walter Wagner, Jr Co., LLC
Investment Insights
Based on property information with market context.
The former Big Lots property is a 35,000-square-foot retail building on 3.25 acres, zoned B-2. Improvements include a refreshed façade and prominent pylon signage, with parking and access serving the site. The building is positioned for large-format retail use at a signalized intersection.
The property occupies the corner of Cherry Blossom Way and Paris Pike in Georgetown, with reported traffic counts of 27,000 and 19,000 ADT, respectively. National retailers surround the site, and the location provides access to I-75, Lexington, and Cincinnati. Georgetown is also home to Toyota’s largest global plant.
The property occupies the corner of Cherry Blossom Way and Paris Pike in Georgetown, with reported traffic counts of 27,000 and 19,000 ADT, respectively. National retailers surround the site, and the location provides access to I-75, Lexington, and Cincinnati. Georgetown is also home to Toyota’s largest global plant.
Key Highlights
- 35,000‑square‑foot former Big Lots retail building on 3.25 acres
- B‑2 zoning supports the property's commercial retail setting
- Signalized corner of Cherry Blossom Way and Paris Pike
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$333,043
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,660,860
$6.7M
Cap Rate 7%
$4,757,757
$4.8M
Cap Rate 9%
$3,700,478
$3.7M
Market Conditions
NOI Build-Up for 35,000 SF
Gross rent
$504.0K $14.40/SF
− Vacancy
−$28.2K −$0.81/SF
EGI
$475.8K $13.59/SF
− OpEx
−$142.7K −$4.08/SF
NOI
$333.0K $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%
$6,660,860
Cap Rate 7%
$4,757,757
Cap Rate 9%
$3,700,478
Alternative Uses
Best Use
Retail
$4.76M
$4.16M – $5.55M
NOI $333,043 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.87M
$7.76M – $10.35M
NOI $620,928 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail property with refreshed exterior, pylon signage, signalized-corner access, and on-site parking.
Where is this retail space located?
The property is located at 1651 Paris Pike Georgetown, KY.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 35,000‑square‑foot former Big Lots retail building on 3.25 acres; B‑2 zoning supports the property's commercial retail setting; Signalized corner of Cherry Blossom Way and Paris Pike
