Address
159 East Main Street Georgetown, KY
Price
$ 699,000
Property Attributes
  • MLS#20121054
  • TypeCommercial
  • CountySCOTT
  • CityGeorgetown
  • Area005 - Scott County
  • NeighborhoodDowntown
  • Zip40324
  • StyleRestaurant
  • Price$ 699,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,080 SqFt
Listing Provided Courtesy Of:
Palmer-Hampton Realty
Data Source:
Lexington Bluegrass MLS (LBAR) - 88 - KY
Property Description

One of the most loved and treasured restaurants located in downtown Georgetown now available for purchase! Fava's Restaurant, in continuous operation since 1910, located at 159 E Main Street, and offering seating for 90 patrons. A staple in the growing Scott County community and a gathering place for so many. Over 100 years in business is not a slogan many businesses can claim. This is proof that the ground work has been completed and this is the opportunity to snag a turn key operation. Famous dishes, mile high meringue pies, ''THE'' spot for breakfast, lunch, and dinner, there is no match for Fava's Restaurant in the area. In addition to the famous restaurant on the first level, a large, newly renovation, apartment occupies the second floor of the building. Brand new from top to bottom with the most tasteful selections, wonderful craftsmanship, and design! Residential space that would be a wonderful living quarters for new owner, service as a rental, or make an eye catching Airbnb! Fava's Restaurant is someone's opportunity to explode in the business world, call today if you want that person to be you!

Price History
9/29/2021 Listed $699,000

General Features

Area 005 - Scott County
Business Type Restaurant
City Georgetown
Construction Materials Brick
County Scott
Directions From Cherry Blossom Way: Follow Cherry Blossom Way and Take Right onto Paris Pike and follow signs to downtown Georgetown District. Destination will be on your right. Street Parking available.
Geo Lat 38.210094
Geo Lon -84.558257
Listing Member Name Mary Todd Ashbrook
Listingofficephone (859) 234-1120
Possession Close of Escrow
Property Type C
Roof Tar/Gravel
Sale/lease Includes Buildings, Business, Equipment, Fixtures, Furniture, Inventory, Land
Status Active
Street Name Main
Subdivision Downtown
Tax Rate 0.9417
Water Water Connected
Year Built 9999

Interior Features

Floor Type Concrete, Tile/Brick, Vinyl
Stories Basement, Two
Utilities: Natural Gas Natural Gas Connected

Exterior Features

Lot Size Acres 0.0707
Lot Size Square Feet 3080.00
Mls Identifier 20180201170722572567000000
Sewer Sewer Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 40324

Price
AVG $1.08M
$700K
Visits
AVG 75
17

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