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205 Locust Drive, Frankfort, KY 40601 For Sale

KV
KY KY 58263
The Gibson Company Commercial Real Estate
Listed by The Gibson Company Commercial Real Estate
$630,000
272 days on market
Updated 2 days ago

205 Locust Drive

Details
Property Type Industrial
Sub Type Flex
Square Footage 9,750
Net Rentable (SqFt) 9,750
Units 6
Tenancy Multi
Lease Type Modified
Price per SqFt $65
Broker Co-Op Yes
Class C
Year Built 1988
Buildings 1
Stories 1
Acreage 1.670
Zoning Commercial General
Investment Type Value Add

5 month to month leases

Marketing description

Outstanding investment opportunity in Frankfort, Kentucky! This 9,750 SF flex building sits on 1.5 acres of General Commercial-zoned land, conveniently located just off Versailles Road (US 60) behind Gary Yeoman’s Ford. The property consists of five (5) individual units at approximately 1,850 SF each, ideal for light industrial, service, or small-business tenants.

The building is 100% occupied with month-to-month tenants, providing stable income and immediate upside potential through rent adjustments or new leasing strategies. A 500 SF garage bay is currently vacant, offering flexibility for owner use or additional rental income.

The site provides ample parking, easy access to major highways, and a functional flex layout suitable for contractors, distributors, or service companies. This is a great opportunity for an investor or owner-user to acquire a well-located commercial asset with value-add potential in one of Frankfort’s most accessible commercial corridors.Property Description
Outstanding investment opportunity in Frankfort, Kentucky! This 9,750 SF flex building sits on 1.5 acres of General Commercial-zoned land, conveniently located just off Versailles Road (US 60) behind Gary Yeoman’s Ford. The property consists of five (5) individual units at approximately 1,850 SF each, ideal for light industrial, service, or small-business tenants.
The building is 100% occupied with month-to-month tenants, providing stable income and immediate upside potential through rent adjustments or new leasing strategies. A 500 SF garage bay is currently vacant, offering flexibility for owner use or additional rental income.
The site provides ample parking, easy access to major highways, and a functional flex layout suitable for contractors, distributors, or service companies. This is a great opportunity for an investor or owner-user to acquire a well-located commercial asset with value-add potential in one of Frankfort’s most accessible commercial corridors.

Investment highlights

  • 9,750 SF flex building on 1.5 acres

  • Five (5) units ± 1,850 SF each

  • 500 SF garage bay currently vacant

  • Zoned General Commercial (CG)

  • 100% occupied month-to-month tenants

  • Located off Versailles Road behind Gary Yeoman’s Ford

  • Opportunity to increase rental income with new leases

  • Ample on-site parking and easy highway access

Listing Contacts

KV
KY KY 58263
The Gibson Company Commercial Real Estate
Listed by The Gibson Company Commercial Real Estate

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Additional Information

Name
Kevin Verhoven
License
KY 58263
Brokerage
The Gibson Company
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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