751 Slone DrGeorgetown, KY 40324

  • Retail properties
  • 45,920 SF
For Lease
$7/SF/YR View listing

Property Details for 751 Slone Dr

Lot size
4.52 AC
Property size (Sq ft)
45,920 SF
Property type
Retail properties
Property subtype
Strip malls
APN
167-30-239.000
APU
16730239000

Description

This prime retail space, Indian Acres Shopping Center, offers 51,390 square feet of versatile commercial space in the thriving Georgetown, Kentucky market. Located at 751 Slone Dr, Georgetown, KY 40324, this multi-tenant shopping center boasts a strategic location with high visibility and accessibility. Currently, there are 13,800 square feet of vacant space available, divisible into units ranging from a minimum of 1,300 square feet to a maximum contiguous space of 8,600 square feet. The property is situated in Scott County, benefiting from a robust and growing local economy. The area experiences an average daily traffic count of approximately 18,106 vehicles per day, ensuring significant exposure for businesses. Georgetown and Scott County have seen substantial employment growth in recent years, fueled by factors including the well-established horse industry, expansion of local manufacturing, and the strong presence of the Toyota Motor Manufacturing plant. This positive economic climate creates a favorable environment for retail businesses seeking to establish or expand their presence. The property's location and the area's economic strength make it an exceptional opportunity for businesses looking for high-traffic retail space in a dynamic and growing market. The available space is ideal for a variety of retail uses, providing flexibility for potential tenants.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $11,628,564
    6.5%
    $10,734,059
    7%
    $9,967,341
  • Comparable approach

    Method
    Valuation
    Relative Method
    $9,810,711
    Geo Method
    $14,371,068
  • Alternative Use

    Use
    Valuation
    Residential
    $9,054,581
    Hospitality
    $8,293,947
    Educational
    $6,900,466
    Medical
    $7,137,784
    Retail
    $10,734,059
751 Slone Dr, Georgetown, Kentucky

Location Insight

City
Georgetown
County
Scott
State
Kentucky
Latitude
38.1975
Longitude
-84.5624
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
$32,787
$600,800
$3,015,300
$3,616,100
-
$600,800
$3,015,300
$3,616,100

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