Building Conversion into 20 Unit Apartment Building

fayette County

Commercial, Redevelopment, Residential - Market Value


Located in an opportunity zone, 320 Georgetown Place with over 18,000 sq ft above grade and an additional 2,000 useable sq ft in the basement. Building plans have already been submitted and approved to convert to a 20 unit building and adjacent parking lot. There is a possibility that more units can be added in the basement. Construction Company Recommendations available and in place.  Listing price is $255,000.

Potential Market/Users:
Because we are converting the building into primarily (1) bedroom apartments with six (2) bedroom apartments we expect that the users of this project will be young professionals, students or young families.
Potential Competitors:
Our main competitors will most likely be experienced investors who have taken on large scale projects such as entire building conversions.
Current Investors:
Justin Johnson, (859) 287-2841

Point of Contact:
Justin Johnson
Riesig Group
(859) 287-2841
Project Address:
320 Georgetown Place
Lexington, KY 40508
Management Team:

Disclaimer: The information contained herein is provided without warranty of any kind. The Kentucky Cabinet for Economic Development does not accept any responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained on this website. Further, the available projects listed herein may or may not have the necessary characteristics for the Opportunity Zone program. The Kentucky Cabinet for Economic Development encourages each interested Investor to perform its own due diligence to ensure the project complies with the requirements of 26 CFR § 1.1400z2(d)- 1, et seq.