401 Outlet Center DrGeorgetown, KY 40324

Property Details for 401 Outlet Center Dr

Year built

1990

Lot size

8.78 AC

Property size (Sq ft)

118,612 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

190-10-111.000

APU

19010111000

Description

This exceptional 118,612 square foot shopping center, situated on an expansive 18-acre lot in Georgetown, Kentucky, presents a unique investment opportunity. Located at 401 Outlet Center Dr, zip code 40324, the property boasts a B-2 zoning designation and is identified by APN 166-30-375.000 in Scott County. Currently undergoing a complete renovation, Georgetown Village offers high visibility with prominent I-75 signage in one of Kentucky's fastest-growing cities. The center features multiple tenancies, with two immediately available spaces ranging from 3,477 to 10,345 square feet, ideal for a variety of retail uses. The property's substantial size and prime location within the Georgetown submarket make it an attractive prospect for businesses seeking to establish or expand their presence in this thriving community. The renovation promises a modern and updated shopping experience, attracting a diverse customer base. This is a chance to be part of a revitalized retail center in a dynamic Kentucky market. The property's strategic location and ongoing improvements position it for significant future growth and return on investment. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $26,622,544

  6.5%

  $24,574,656

  7%

  $22,819,324

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,634,074

  Geo Method

  $37,120,668

• Alternative Use

  Use

  Valuation

  Residential

  $20,729,642

  Hospitality

  $18,988,240

  Educational

  $15,797,993

  Medical

  $16,341,311

  Retail

  $24,574,656

Location Insight

City

Georgetown

County

Scott

State

Kentucky

Latitude

38.2185

Longitude

-84.5378

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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