270 Etter Lane, Georgetown, KY 40324
Vacant Land
for Sale
| Catylist Listing ID: |
30843938 |
| Property Subtypes: |
Multi-Family, Office, Residential (Single Family)
|
| Gross Land Area: |
10 Acres
|
| Sale Price: |
$1,000,000 |
| Unit Price: |
$100,000 Per Acre |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/31/2023 |
Overview / Comments
Exciting opportunity to own +/- 10 acres of R-2 land in Georgetown. The land is level/unvarying with access to utilities nearby. The property has great accessibility with multiple access points via Etter Lane off of Lexington Road, as well as Bevins Lane via Seabiscuit Path/Ashton Grove Path as the Owner is willing to grand an access agreement. The current R-2 zoning (Medium Density Residential) includes single family, duplex, and multi-family dwellings with a maximum of six (6) units per building and twelve (12) units per net acre, allowing a total of appx. 120 units to be developed. Conditional uses allowed under this zoning include but are not limited to: professional offices, licensed day care facilities, bed and breakfast, churches, schools, etc.
The property is located adjacent to Ashton Grove Senior Living, a premier senior living community in Georgetown which features assisted living, memory care, and independent living cottages. The community encompasses Old Friends Farm for retired Thoroughbreds, which provides a beautiful farm-like landscape for the neighboring property to enjoy, while being conveniently located to nearby amenities offered in the Kroger Marketplace Center and Landmark Shopping Center, and Landmark Office Center, including banks, restaurants, medical providers such as UK healthcare and Baptist Health, and much more. The property is located on the south-side of Georgetown, located in Scott County which is the fastest growing county in Kentucky. This immediate area specifically has seen significant growth in recent years, and has planned growth in the coming years with a new Georgetown Community Hospital and Aldi Grocery Store being developed at Parkview Plaza at the corner of McClelland Circle and Lexington Road.
*site is currently apart of 270 Etter Lane and will need to be subdivided
|
Additional Details
| Nearest MSA: |
Lexington-Fayette |
| County: |
Scott |
| Tax ID/APN: |
169-10-001.002 |
| Zoning: |
R-2 |
| Zoning Description: |
Medium Density Residential |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,378 |
23,684 |
36,854 |
| Median Age: |
34.51 |
33.82 |
33.94 |
| Households: |
1,344 |
8,931 |
12,808 |
|
The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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