1216 Wilkinson BlvdFrankfort, KY 40601

  • Commercial real estate
  • 1.78 AC
For Sale
$1,200,000 View listing

Property Details for 1216 Wilkinson Blvd

Year built
1997
Lot size
1.78 AC
Property type
Commercial real estate
APN
061-00-00-046.00
APU
61000004600

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $16,464,930
    Hospitality
    $15,081,788
    Educational
    $12,547,870
    Medical
    $12,979,411
    Retail
    $19,518,910

Location Insight

City
Frankfort
County
Franklin
State
Kentucky
Latitude
38.2164
Longitude
-84.8626
CBSA code
23180
CBSA name
FRANKFORT, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,548
-
-
$1,050,000
-
-
-
$1,050,000

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