114-116 E Main Street, Georgetown, KY 40324
$915,000
Property Type:
Commercial Sale
Square Footage:
10,000
Lot Size (sq. ft.):
6,534
Status:
Closed
Current Price:
$915,000
List Date:
5/01/2026
Last Modified:
6/03/2026
Overview
Description
...
(Read more)
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
Listing Details MLS# 26009639
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Retail
Status Change Information
- Status Change Timestamp
- 2026-06-03
- Purchase Contract Date
- 2026-05-08
- Close Date
- 2026-06-01
- Close Price
- 915000
- Buyer Financing
- Cash
- Sale Type
- Arms Length Sale
Address
- County
- Scott
- Street Number
- 114-116
- Street Direction Prefix
- E
- Street Name
- Main
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40324
- Parcel Number
- 166-30-338.000
Contract
- Original List Price
- 950000
- Start Showing Date
- 2026-05-01
- Listing Contract Date
- 2026-05-01
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- List Price/SqFt
- 95
- Sold Price/SqFt
- 91.5
- SP/LP
- 0.96
Tax Legal
- MLS Area Major
- 005 - Scott County
- Subdivision Name
- Commercial
Interior
- Living Area Units
- Square Feet
- Building Area Total
- 10000
- Building Area Source
- Public Records
- Building Area Units
- Square Feet
More Information
Building
- Year Built
- 9999
- Stories Total
- 3
- Accessibility Features YN
- Yes
Lot
- Lot Size Acres
- 0.15
- Lot Size Square Feet
- 6534
Remarks
- Public Remarks
- 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
Income and Expenses
- Net Operating Income
- 90250
Tax & Legal
- Tax Rate
- 0.9527
- Zoning
- Other
- Zoning Description
- B-3
- Directions
- Located on E. Main Street in Downtown Georgetown.
Association/Community
- Number Of Buildings
- 1
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
Business Type
- Commercial
- Yes
- Hotel/Motel
- Yes
- Retail
- Yes
- Other
- Yes
Sale Includes
- Building(s)
- Yes
- Land
- Yes
- Leases
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Property Features
Business Type:
Commercial; Hotel/Motel; Retail; Other
Parking Features:
On Site; Paved
Possession:
Close Of Escrow
Sale Includes:
Building(s); Land; Leases
Showing Requirements:
Call Listing Agent
Documents
Listing Office:
Block + Lot Homes
Last Updated: June - 03 - 2026
Information deemed reliable but not guaranteed.

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