401 Outlet Center DrGeorgetown, KY 40324
- Retail properties
- 118,612 SF
Property Details for 401 Outlet Center Dr
- Year built
- 1990
- Lot size
- 8.78 AC
- Property size (Sq ft)
- 118,612 SF
- Property type
- Retail properties
- Property subtype
- Strip malls
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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