418 Broadway StGeorgetown, KY 40324

Property Details for 418 Broadway St

Lot size

0.09 AC

Property size (Sq ft)

880 SF

Property type

Showrooms

APN

166-10-198.000

APU

16610198000

Description

This exceptional 1,777 square foot commercial building presents a fantastic opportunity in the heart of Georgetown, Kentucky. Located at 418 N Broadway, this property boasts a solid block construction with a brick façade, ensuring durability and curb appeal. Recent upgrades include a brand new roof and substantial 6-inch gutters, minimizing future maintenance concerns. The building offers nearly 900 square feet of usable space on each of its two levels, providing ample room for a variety of commercial ventures. Conveniently situated in a B-2 zoned area, this property benefits from its own dedicated parking lot, complemented by an additional small parking space at the rear. The 0.09-acre lot provides a manageable footprint for operations and potential expansion. This is an ideal investment for entrepreneurs seeking a well-maintained, centrally located commercial space with significant upside potential in a thriving downtown area. The property's solid construction, recent improvements, and ample parking make it a truly attractive proposition. Its prime location in Georgetown offers excellent visibility and accessibility, making it an ideal choice for a diverse range of businesses. Don't miss this chance to acquire a piece of Georgetown's vibrant commercial landscape. The asking price is $125,000.

• CAP approach

  CAP return

  Valuation

  6%

  $197,517

  6.5%

  $182,323

  7%

  $169,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $182,764

  Geo Method

  $275,404

• Alternative Use

  Use

  Valuation

  Residential

  $153,796

  Hospitality

  $140,877

  Educational

  $117,208

  Medical

  $121,239

  Retail

  $182,323

Location Insight

City

Georgetown

County

Scott

State

Kentucky

Latitude

38.2157

Longitude

-84.5605

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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