159 E Main Street Georgetown, KY $ 700,000
159 E Main Street
$ 700,000
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159 E Main Street

Georgetown, KY, 40324
$ 700,000
Bedrooms-- Baths-- Sq 2,832
159 E Main Street, Georgetown, KY 40324 - Image 1
159 E Main Street, Georgetown, KY 40324 - Image 2

Property for Rent in Georgetown, KY

for $700,000. This 2,832 square foot property was built on a lot size of 0.07.

A RARE OPPORTUNITY TO OWN A PIECE OF GEORGETOWN HISTORY! Own a piece of Georgetown's past while investing in its future! The opportunity to own a property with this much local history and character doesn't come along every day. Located in the heart of historic downtown Georgetown, Kentucky, 159 East Main Street is associated with one of the community's most recognizable dining traditions. The building's commercial space is home to and currently occupied by Fava's Restaurant, a Georgetown institution whose roots date back to 1910. For more than a century, this building has been part of Georgetown's commercial and social history. It represents the kind of local heritage, nostalgia, and character that cannot simply be recreated. This two-story, mixed-use property is a highly profitable addition to any real estate portfolio, featuring active lease agreements for both its commercial and residential spaces. Located in the heart of thriving downtown Georgetown, the commercial storefront benefits from heavy foot traffic on vibrant, highly walkable streets—ensuring excellent long-term viability. Upstairs, the premium residential apartment offers three bedrooms, an updated kitchen and bathroom, in-unit laundry, off-street parking, and the convenience of both interior and exterior staircases. The Georgetown, KY real estate market functions as a highly defined, steady anchor within the growing Bluegrass region. Propelled by easy access to Lexington and job stability from major local employers like the Toyota Motor Manufacturing plant, the real estate landscape features a tight, predictable pricing rather than unpredictable extremes. Here is your opportunity to become the next chapter in the history of 159 East Main Street.

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Rental Active

Price

$ 700,000

Taxes

$ 0

Style

Business

Lot Size

0.07

Town/City

Georgetown

County/Region

Scott

MLS | Web ID

26030810

Features
General
Possession Close Of Escrow Subject To Tenant Rights
Zoning B-3
Year Built 9999
Tenant Pays Other Water Trash Collection Sewer Gas Electricity
Property Subtype Business
Parcel Number 166-30-385.000
Business Type Restaurant Food & Beverage
County Scott
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Downtown
Status Active
Directions Located near the intersection of Main St and Hamilton St in Georgetown KY.
City Georgetown
Zoning Description 0.9482
MLS Area 005 - Scott County
Lot Size Units Acres
Lot Size Square Feet 3080.0
Land Lease Y/N N
MLS Area Minor 005 - Scott County
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units Square Feet
Lease Type Gross
Living Area Units Square Feet
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features None
Lot Size Area 0.07
Number of Buildings 1
Building Area Total 4608.0
Lot Size Acres 0.07
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Total Baths 0
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Internal Only
Street Number 1 159
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* Excluded Features
List By
Cornett & Associates

Broker

bethannlyons79@gmail.com

Email

Nearby
458656 Elementary School
458772 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/9/2026$700,000 Listed Price

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159 E Main Street, Georgetown, KY, 40324 is a Property for Rent at $700,000 with 2,832 sqft and a lot size of 0.07. The property's zip code is 40324 which is in Georgetown, KY