1140 Main Street Ext Georgetown, KY 40324
- Commercial real estate
- 17.83 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1140 Main Street Ext
- Lot size
- 17.83 lot acres
- Property type
- Commercial real estate
Description
This exceptional 17.83-acre development parcel in Georgetown, Kentucky, presents a prime opportunity for investors and developers. Strategically located near I-75 exit 125, this property boasts convenient access to major transportation routes. Currently zoned R-2, the land offers significant potential, with preliminary plans indicating capacity for 213 multi-family units (note: these plans are not yet submitted for approval to Scott County Planning and Zoning). The site's proximity to key amenities is a significant advantage. It's situated just 0.2 miles from the new Creekside Elementary School, and enjoys close proximity to the Toyota Motor Manufacturing Plant and Georgetown College. This makes it an attractive location for residential development, catering to a diverse population including families, college students, and Toyota employees. The asking price is $980,595, translating to approximately $55,000 per acre. This represents a compelling investment opportunity in a rapidly growing area. The property is being offered for the first time on the market since the recent R-2 rezoning. Detailed site plans are available upon request. This is a rare chance to acquire a substantial tract of land in a high-demand location with excellent development potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Georgetown
- County
- Scott
- State
- Kentucky
- Longitude
- -84.5320098
- Latitude
- 38.20308
