363 Versailles RdFrankfort, KY 40601

Property Details for 363 Versailles Rd

Year built

1984

Lot size

3.51 AC

Property type

Other commercial real estate

APN

086-10-06-001.00

APU

86100600100

Description

This exceptional investment opportunity presents a 41,770-square-foot shopping center situated on a 3.11-acre lot in Frankfort, Kentucky. The property boasts a 7.53% cap rate and a strong net operating income (NOI) of $287,990, supported by a 100% occupancy rate. The single-story building features 198 parking spaces and is ideally located on US 60, providing excellent visibility and convenient access. National tenants include Dollar Tree, Dollar General, Rent-A-Center, and Metro PCS, several of whom have recently extended their leases. The property has undergone over $350,000 in recent capital improvements. Its prime location is complemented by a thriving retail environment, with nearby businesses including Kroger, Walgreens, McDonald's, Save-A-Lot, Auto Zone, and Advanced Auto Parts. The center is also conveniently located a mile from I-64, offering easy access to Lexington (20 miles) and Louisville (55 miles). The property's APN is 086-10-06-001.00. This is a rare opportunity to acquire a high-performing, well-located retail center with significant upside potential. The asking price is $3,825,000. The permitted zoning is to be determined (TBD).

Location Insight

City

Frankfort

County

Franklin

State

Kentucky

Latitude

38.1961

Longitude

-84.8303

CBSA code

23180

CBSA name

FRANKFORT, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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