Building Conversion into 20 Unit Apartment Building

fayette County


Commercial, Redevelopment, Residential - Market Value

Description:

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.


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, 859.287.2838

Point of Contact:
Justin Johnson
Riesig Group
(859) 287-2838
Project Address:
320 Georgetown Place
Lexington, KY 40508
Management Team: