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

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 Des ...

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.