Water Street Commons - Downtown Georgetown Redevelopment

166 W Main Street Georgetown, KY 40324

166 W Main Street, Georgetown, KY, 40324
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FOR LEASE
Property Type:
Strip Center
Amount:
Please Call Broker for Price

Last Verified:
Nov 01, 2024

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Highlights

  • 2,227 SF - 6,252 SF Available for Lease
  • Multi-tenant small shop retail / restaurant space
  • New construction redevelopment
  • Excellent location in Downtown Georgetown

Description

SVN Stone Commercial Real Estate is pleased to present Water Street Commons-- a downtown Georgetown redevelopment project. This proposed redevelopment will include a total of 10,227 SF at the corner of S Water Street and W Main Street in Georgetown, KY. This development is a perfect location for your small-shop local retail, restaurant, coffee shop, creative space, and so much more. Water Street Commons currently offers three retail suites ranging from 2,227 SF - 6,252 SF with the opportunity for a unique patio dining experience. The spaces can be combined if needed.

Located in Scott County, the fastest growing county in the state of Kentucky, this redevelopment project is located in close proximity to Georgetown College and several new large residential developments.

For further inquiry or to schedule a personal tour, please reach out to Nathan Dilly at 859.420.5492 // nathan.dilly@svn.com or Weston Lockhart at 859. 317.3538 // weston.lockhart@svn.com.

Georgetown, Kentucky, located 10 miles north of Lexington off I-75, is the county seat of Scott County as well as the home of Georgetown College, a private liberal arts college. Georgetown is very proud of its heritage and excited about the tremendous growth the city has experienced in the last few years. Scott County is the fastest growing county in Kentucky with population now exceeding 50,000 per the US Census Bureau estimate. Since the opening of Toyota Motor Manufacturing, employment has risen; the City, County, and School System have prospered; Toyota is a wonderful asset to the community and a huge reason for the growth of the town. Georgetown is fortunate to have the finest of Fire, Police and Public Works Departments. The employees are highly trained with benefit of the latest in technology and equipment. Georgetown offers downtown shopping and shopping malls, restaurants, recreation, sports, beautiful surroundings, and Georgetown College.


Year Built: 1962
Building Size: 10227sq ft
Building Class: B
Lot Size: 0.24 acres


Documents

Site Plan with Parking Layout - 166 W Main Street, Georgetown
Floor Plans - 166 W Main Street
Brochure_166_W_Main_Street.pdf

Units for Lease

Suite 110
Space Available: 4025 SF
Lease Type: NNN

Price Per Sqft/Year: $26.00
120
Space Available: 2227 SF
Lease Type: NNN

Price Per Sqft/Year: $26.00
Suite 110-120 Combined
Space Available: 6252 SF
Lease Type: NNN

Price Per Sqft/Year: $26.00

Map of 166 W Main Street, 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.