751 Slone DrGeorgetown, KY 40324

Property Details for 751 Slone Dr

Lot size

4.52 AC

Property size (Sq ft)

45,920 SF

Property type

Strip malls

Property subtype

Neighborhood centers

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.

• 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

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

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