418 Broadway StGeorgetown, KY 40324

Property Details for 418 Broadway St

Lot size

0.09 AC

Property size (Sq ft)

880 SF

Property type

Other commercial real estate

Property subtype

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

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