190 Versailles RdFrankfort, KY 40601

Property Details for 190 Versailles Rd

Lot size

0.43 AC

Property type

Commercial real estate

APN

085-21-03-001.00

APU

85210300100

Description

This exceptional 1,788 square foot freestanding retail building presents a remarkable opportunity in a prime Frankfort location. Boasting high visibility on a major thoroughfare, this single-tenant property offers unparalleled exposure for your business. The building features a convenient drive-thru, perfect for maximizing customer convenience and efficiency. A covered porch area provides additional space for outdoor displays or customer seating, enhancing the overall appeal and functionality of the property. The building sits within a major retail corridor of Frankfort, ensuring high foot traffic and excellent brand visibility. The zoning is commercial, allowing for a wide range of business uses. The property consists of a single, one-story building, with a total of 1,788 square feet of vacant space, ready for immediate occupancy. The ample signage opportunities further enhance the property's marketing potential. The Franklin County Assessor's Parcel Number (APN) is 085-21-03-001.00. This is an ideal location for businesses seeking maximum visibility and accessibility in a thriving retail environment. Don't miss this chance to establish your business in a highly desirable and strategically positioned property.

• CAP approach

  CAP return

  Valuation

  6%

  $3,917,390

  6.5%

  $3,616,050

  7%

  $3,357,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,606,350

  Geo Method

  $1,601,090

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,772,450

  Retail / Commercial

  $3,540,750

  Mixed-Use / Specialty

  $3,581,620

  Hospitality / Lodging

  $2,697,360

  Office

  $3,616,050

  Institutional / Educational

  $3,742,550

  Residential Income

  $4,378,790

  Multifamily

  $4,955,160

  Automotive / Energy

  $3,207,900

  Parking / Income-Based Land

  $1,054,160

  Restaurant / Food Service

  $1,976,980

  Healthcare / Senior Housing

  $3,618,030

Location Insight

City

Frankfort

County

Franklin

State

Kentucky

Latitude

38.2029

Longitude

-84.8329

CBSA code

23180

CBSA name

FRANKFORT, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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