751 Slone DrGeorgetown, KY 40324
- Retail properties
- 45,920 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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