For Sale
$1,200,000

1216 Wilkinson Blvd Frankfort, KY 40601

19,145 SF Multi-Tenant Office Building

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 19,145-square-foot office/warehouse building presents a compelling value-add investment opportunity in Frankfort, Kentucky. Located on 1.46 acres at 1216 Wilkinson Blvd, this single-story, Class B building boasts a prime location directly across from the renowned Buffalo Trace Distillery, attracting over 400,000 visitors annually. Currently 100% occupied by three tenants—The State Journal, Rutledge Remodeling, and City Museum—this multi-tenant property offers immediate cash flow. Built in 1997, the building features a modified lease structure and is zoned IC (Industrial Commercial), providing flexibility for future uses. The asking price is $1,200,000, translating to $62.68 per square foot. Situated approximately four miles from I-64, this property enjoys convenient access to major transportation arteries, with Lexington 25 miles west and Louisville 54 miles east. Existing rents are below current market rates, presenting a significant opportunity to increase profitability. This is a rare chance to acquire a well-located, income-producing asset with substantial upside potential in a thriving Kentucky market. The APN is 061-00-00-046.00.

Highlights

  • 19,145 SF freestanding office/warehouse building on 1.46 acres.
  • Multi-tenant office/warehouse building currently leased to The State Journal, Rutledge Remodeling, and City Museum.
  • Value-add opportunity: below-market rents offer significant upside potential.
  • Located on Wilkinson Blvd across from Buffalo Trace Distillery, attracting over 400,000 annual visitors.
  • ±4 miles from I-64; 25 miles west of Lexington; 54 miles east of Louisville.
  • Zoned IC (Industrial Commercial).

Property Details for 1216 Wilkinson Blvd

Property type
Office properties
Square Feet
19,145 SF
Class
B
Year Built
1997
Buildings
1
Stories
1
Lot Size (sq. ft)
63,598 SF

Location Insight

City
Frankfort
County
Franklin
State
Kentucky
Latitude
38.2160306
Longitude
-84.8625754

FAQs

What type of property is this?
Office property - 19,145 SF Multi-Tenant Office Building
Where is the office property located?
The property is located at 1216 Wilkinson Blvd Frankfort, KY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 19,145 SF freestanding office/warehouse building on 1.46 acres.; Multi-tenant office/warehouse building currently leased to The State Journal, Rutledge Remodeling, and City Museum.; Value-add opportunity: below-market rents offer significant upside potential.
How can I contact the broker?
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1216 Wilkinson Blvd
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