+/-161 AC of Industrial Land

892 Delaplain Road Georgetown, KY 40324

892 Delaplain Road, Georgetown, KY, 40324
892 Delaplain Road, Georgetown, KY, 40324
FOR SALE
Property Type:
Other Land
Amount:
$6,359,500
Last Verified:
Jan 29, 2020

Highlights

  • +/-161 acres of industrial land for sale; may be subdivided
  • Located just off I-75 at Exit 129 across from Toyota Manufacturing Plant, near Norfolk Southern Railroad Intermodal Shipping Terminal and Delaplain Industrial Park
  • Norfolk Southern Intermodal Shipping Terminal one mile from the site
  • Across from +/-7,000,000 SF Toyota Motor Manufacturing Plant (Gates 3 & 4), which is the largest Toyota manufacturing plant in the world, annually capable of producing 550,000 vehicles and more than 600,000 engines with over 8,000 employees
  • Average daily traffic count of +/-11,065 ('17) along Cherry Blossom Way
  • Easy access to I-75 and downtown Georgetown, +/-16 miles to Lexington, KY, +/-75 miles to Louisville, KY and +/-68 miles to Cincinnati, OH
  • Utility providers include: water service with Kentucky American Water, electric service with Blue Grass Energy Cooperative Corp and sewer service with Georgetown Municipal Sewer Service
  • Zoned I-1, Light Industrial
  • The Georgetown/Scott County area has been growing rapidly in recent years and the 8th fastest growing city in Kentucky with a population growth rate of 11% over a five year period
  • Sale Price: $39,500 per acre
  • Adjacent +/-15-90 acres also available for sale by the same owner for a combined total of up to +/-250 acres

Description

NAI Isaac is pleased to present +/- 161 acres of zoned I-1 land for sale in Georgetown. The land is located across from Toyota Manufacturing Plant and near Delaplain Industrial Park.

The property is located +/-2 miles from Exit 129 at I-75 across from the Toyota Manufacturing Plant. The Georgetown/Scott County area has been growing rapidly in recent years. Georgetown is the 8th fastest growing city in Kentucky with a population growth rate of 11% over a five year period. Both Georgetown and Scott County have experienced employment increases. The recent expansion to several of the local manufacturing companies, Toyota's $1.3 Billion commitment to re-tool the Toyota Motor Manufacturing Plant, the addition of a new 125,000 sf Kroger Marketplace, several new subdivisions and a new high school shows steady growth for Georgetown and Scott County.

Lot Size: 161.0 acres

Map of 892 Delaplain Road, Georgetown, KY, 40324

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.