198 Bevins LnGeorgetown, KY 40324

Property Details for 198 Bevins Ln

Year built

2014

Lot size

0.20 AC

Property size (Sq ft)

9,000 SF

Property type

Office properties

APN

168-30-020.003

APU

16830020003

Description

This exceptional 2,598-square-foot Class A office space is ideally situated in Georgetown, Kentucky, at 198 Bevins Ln, 40324. The single-story building boasts a total of 9,000 square feet, with this suite offering four private offices featuring exterior windows, enhancing natural light and providing a pleasant work environment. Two well-appointed kitchen spaces and two large common areas cater to diverse needs, fostering collaboration and comfort. Security is enhanced by a magnetic locking front door. Accessibility is ensured with five ADA-compliant restrooms. The property's strategic location near Georgetown Community Hospital is a significant advantage, placing it within close proximity to major healthcare providers such as UK Health Care, Baptist Health, Bluegrass Pediatrics and Internal Medicine, and Caretenders. Its convenient location across the bypass from the 125,000-square-foot Kroger Marketplace and Landmark Shoppes Retail Shopping Center provides excellent visibility and accessibility. Benefit from Georgetown/Scott County's robust economic growth, fueled by the presence of the Toyota Motor Manufacturing Plant, employing over 8,000 people. This thriving community, the fastest-growing county in Kentucky with a population exceeding 57,000 (2020 US Census), offers a dynamic and prosperous environment for businesses. The property is zoned P-1 and is perfect for traditional office, executive office, or medical office uses. This space is immediately available.

• CAP approach

  CAP return

  Valuation

  6%

  $1,672,508

  6.5%

  $1,543,854

  7%

  $1,433,578

• Comparable approach

  Method

  Valuation

  Relative Method

  $777,264

  Geo Method

  $1,117,710

• Alternative Use

  Use

  Valuation

  Residential

  $1,914,378

  Hospitality

  $1,753,560

  Educational

  $1,458,942

  Medical

  $1,509,117

  Retail

  $2,269,465

Location Insight

City

Georgetown

County

Scott

State

Kentucky

Latitude

38.1815

Longitude

-84.567

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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