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    1878 Frankfort Pike Georgetown, KY 40324

    Sponsored
    For Sale
    $1,966,250

    6 Acres, High-Traffic Location, B-2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 6.05-acre commercial land parcel presents a prime development opportunity in Georgetown, Kentucky. Strategically located at the intersection of Frankfort Pike (US 460) and McClelland Circle (US 460 Bypass), this property boasts over 16,000 vehicles per day (VPD) in combined traffic counts, ensuring high visibility and accessibility. The B-2 (Highway Commercial) zoning allows for a diverse range of commercial uses, including retail and restaurants. Its proximity to major thoroughfares and established businesses like Peoples Bank, Giovanni's Pizza, and Clark's Pump-N-Shop, further enhances its appeal. The site's location is also advantageous due to its proximity to a Kroger Marketplace (2.4 miles) and Downtown Georgetown/Georgetown College (1.9 miles). Furthermore, the presence of Great Crossing High School, Elkhorn Middle School, and Western Elementary School across McClelland Circle creates a strong potential customer base. This property offers significant potential for developers seeking a high-traffic, well-located site in a thriving community. The asking price is $1,966,250. The address is 1878 Frankfort Pike, Georgetown, KY 40324.

    Property Features for 1878 Frankfort Pike

    General Information

    Property type
    Land
    Lot Size
    263,538 SF

    HighLights

    • $1,966,250 asking price.
    • 6.05 acres of commercial land.
    • B‑2 Highway Commercial zoning.
    • High traffic location at Frankfort Pike (US 460) and McClelland Circle (US 460 Bypass) intersection, exceeding 16,000 vehicles per day (VPD).
    • Conveniently located near Georgetown College, downtown Georgetown, and a Kroger Marketplace.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Georgetown
    County
    Scott
    State
    Kentucky
    Longitude
    -84.5942952
    Latitude
    38.2087766

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    FAQs

    What type of property is this?
    Land - 6 Acres, High-Traffic Location, B-2 Zoning
    Where is this land located?
    The property is located at 1878 Frankfort Pike Georgetown, KY.
    What is the asking price?
    The asking price for this property is $1,966,250.
    What are key features of this property?
    This property features: $1,966,250 asking price.; 6.05 acres of commercial land.; B-2 Highway Commercial zoning.
    (859) 420-5492
    Request Owner's contact information
    1878 Frankfort Pike Georgetown, KY 40324
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1878 Frankfort Pike Georgetown, KY 40324
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