401 Outlet Center DrGeorgetown, KY 40324

  • Retail properties
  • 118,612 SF
For Lease
$10/SF/YR View listing

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
401 Outlet Center Dr, Georgetown, Kentucky

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$40,326
$1,540,000
$2,907,600
$4,447,600
-
$1,540,000
$2,907,600
$4,447,600

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].