About This Home

This 0-bedroom, 0-bathroom commercial at 159 E Main Street in Georgetown, KY is listed for $700,000 ($247 per sqft). the home offers 2,832 sqft of living space on a 0.07 acres lot.

Key Features

  • 0.07 acre lot
  • 2 stories

Property Details

2 stories
Listing Description

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.

Monthly Cost Estimate

$3,744/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,033
Insurance$204

Estimates only. Actual payments may vary.

Location

159 E Main Street

Georgetown, KY 40324

Downtown

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 159 E Main Street is listed at $700,000 ($247/sqft). The estimated monthly payment is $3,744 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.07 acre lot, 2 stories.

This property is listed by Elizabeth Lyons.

EL

Elizabeth Lyons

Agent at Cornett & Associates

Listed by Cornett & Associates · Broker phone: 8630609

MLS# 26030810· Source: ImagineMLS· 2 days on PropertySimple

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

159 E Main Street, Georgetown, KY 40324

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