114-116 E Main Street, Georgetown, KY 40324
sale
$950,000
|
Retail
Courtesy Of Block + Lot Real Estate
A turn-key investment on Georgetown's Main Street. A stunning, three-story mixed-use property in the heart of vibrant downtown Georgetown, KY -blending steady boutique retail income with a turn-key short-term rental upside. The basement and main floor are leased to a well-established local boutique. The fully-renovated second and third floors operate as highly-rated short-term rentals, generating consistent nightly income with room to scale. Exposed brick, soaring ceilings, hardwood floors, and expansive windows throughout. Steps from local shops, restaurants, and year-round events - with quick access to Lexington and I-75. -The +/- 6,100 SF basement and first floor are leased to a long-term local boutique -The +/- 1,880 SF second floor features two residential units: a 1-bedroom in the front and a 2-bedroom in the rear -The +/- 1,880 SF upper loft offers a residential loft with exposed brick walls, arched windows, chef's kitchen, primary suite, and soaring ceilings Location Description: Georgetown, with big economic anchors and a deep visitor base, sits just 12 miles north of Lexington along I-75. Home to the world's largest Toyota manufacturing plant, Georgetown enjoys a skilled workforce, consistent job growth, and a cost of living well below the national average. Housing costs roughly 25% lower. Visitors come for equestrian heritage, a walkable historic downtown, and proximity to the Kentucky Bourbon Trail. A business-friendly environment with durable long-term appeal. Property Highlights: -Four units, one building, three income streams. -Recent Improvements: new roof, new HVAC units, new sewer line, fully-renovated top floor, partially-renovated 2nd floor units, and laundry hook-ups added to the common area -The property performs as a conservative long-term rental or as a higher-yielding short-term rental portfolio - without a single dollar of CapEx -The existing AirBNB units have a 5-star rating and are booked year-round
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Property Features
- Floors: 3
- MLSID: 26009639
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