Interstate Development Land

137 Scotland Drive Georgetown, KY 40324

137 Scotland Drive, Georgetown, KY, 40324
137 Scotland Drive, Georgetown, KY, 40324
FOR SALE
Property Type:
Other Land
Amount:
$1,100,000
Last Verified:
Feb 17, 2020

Highlights

  • Development opportunity at the corner of US 460 and I-75 in Georgetown at Exit 125
  • +/-5.75 AC available for sale
  • Great visibility from I-75 with many potential uses
  • Daily traffic counts on US 460 in front of the site is +/-22,332 ('16) VPD and +/-51,753 ('16) on I-75
  • Ideal location for restaurants, hotels and other interstate service users
  • Area retailers include Walmart, Lowe's, Kohl's, O'Charley's, Tractor Supply, Starbucks, Cracker Barrel and more
  • Both Georgetown and Scott County have experienced rapid employment increases in recent years; The well-established horse industry, recent expansion to several of the local manufacturing companies and the firm commitment of the Toyota Motor Manufacturing plant, Georgetown and Scott County will continue with steady growth
  • Georgetown, KY is only +/-12 miles to Lexington, +/-70 miles to Louisville and +/-67 miles to Cincinnati, OH
  • Zoned B-2, Highway Commercial
  • Sale Price: $1,200,000 REDUCED TO $1,100,000

Description

NAI Isaac is pleased to present +/-5.75 acres of zoned B-2 land for sale in Georgetown, Kentucky. The property is conveniently located north of Lexington just off I-75 at Exit 125 on Scotland Drive. Average daily traffic counts on US 460 in front of the site is +/-22,332 ('16) VPD and +/-51,753 ('16) on I-75. B-2 zoning (Highway Commercial) makes this the ideal location for restaurants, hotels and other interstate service users. Area retailers include Walmart, Lowe's, Kohl's, O'Charley's, Tractor Supply, Starbucks, Cracker Barrel and more.

The Georgetown/Scott County area has been increasing rapidly in recent years. Both Georgetown and Scott County have experienced employment increases. The well-established horse industry, recent expansion to several of the local manufacturing companies and the firm commitment of the Toyota Motor Manufacturing plant, Georgetown and Scott County will continue with steady growth.

Lot Size: 5.75 acres

Map of 137 Scotland Drive, 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.