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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.

Highlights

  • Commercial Sale
  • Business
  • 0.071 Acre Lot
  • 4 days on Market

  • Stories
    2.0
  • Parking Features
    None
  • Living Area
    2832.0

  • Acres
    0.071


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Frequently Asked Questions

How do I schedule a tour of 159 E Main St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 159 E Main St.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 159 E Main St?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $700,000. We can talk through recent upgrades, potential seller motivation, how this business compares to others in Georgetown, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 159 E Main St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 159 E Main St at around $3,984. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 159 E Main St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Scott County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 159 E Main St?

In most cases, yes. Whether 159 E Main St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Georgetown's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 159 E Main St?

We can handle that for you. Our preferred local agent specializes in commercial sales in Georgetown and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $700,000 with 2,832 sqft of space—that comes out to approximately $247 per square foot.

How long has this property been on the market?

159 E Main St was listed on November 09, 2026, which means it's been on the market for 4 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

159 E Main St sits on a 0.07-acre lot, which is 3,049 square feet.

Is 159 E Main St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of Bluegrass REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by IDX brokerage firms other than Rector Hayden Realtors, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX brokers. Information deemed reliable but not guaranteed. Copyright © 2026 Bluegrass REALTORS®. All Rights Reserved.

Last Updated: November 13, 2026 at 02:11PM | Source: ImagineMLS (Bluegrass REALTORS) | MLS#: 26030810