For Sale
$4,950,000

1070 Versailles RdFrankfort, KY 40601

Frankfort, KY - Prime Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 23,987-square-foot freestanding building presents a compelling investment opportunity in Frankfort, Kentucky. Situated on a 5.932-acre lot at 1070 Versailles Road, this property enjoys a high-traffic location near US Highway 421 and I-64, boasting an average daily traffic count of approximately 27,413 vehicles. Currently operating as a Ford dealership under a net lease expiring October 31, 2026 (1.9 years remaining), the property generates an annual rent of $300,000. The lease is absolute net, meaning the tenant is responsible for all repairs and maintenance. The property's CH (Commercial Highway) zoning allows for flexibility, presenting opportunities for continued use as an auto dealership or redevelopment after the lease expiration. The asking price is $4,950,000, translating to $206.36 per square foot. The property's strategic location offers excellent visibility and proximity to a variety of retail amenities, including banks, gas stations, restaurants, and grocery stores, making it an attractive proposition for both investors and potential tenants. This is a rare chance to acquire a substantial commercial property in a thriving Kentucky market.

Highlights

  • 23,987 SF building on 5.93 acres.
  • Suitable for redevelopment or repositioning as another car dealership after November 2026.
  • Frankfort Ford (tenant: F. Frankfort, Inc.) currently occupies the space.
  • Lease expires November 2026.
  • $300,000 annual net rent (absolute NNN lease).
  • High traffic location with 27,413 VPD on Versailles Road.

Property Details for 1070 Versailles Rd

Property type
Retail properties, Freestanding property
Square Feet
23,987 SF
Lot Size (sq. ft)
258,398 SF

Location Insight

City
Frankfort
County
Franklin
State
Kentucky
Latitude
38.1856392
Longitude
-84.8183449
1070 Versailles Rd, Frankfort, Kentucky

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1070 Versailles Rd
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