Recently Improved Frankfort Retail Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30632022
Property Subtypes: Mixed Use, Retail-Pad, Street Retail, Vehicle Related
Building Size (RSF): 19,309 SF
Sale Price: $1,080,000
Unit Price: $55.93 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2020

Overview / Comments

We are pleased to present this 19,309 SF retail property in Frankfort, KY, FOR SALE. The subject property consists of 757-765 E Main St, which is currently divided into 2 separate units (see picture on page 3). 757-759 (14,586 SF) is formerly an Auto Parts store, but has currently been renovated with new floors, drop ceilings, new grid, paint, windows facing Main St, and much more. It has ample and easily accessible storage through a drive-in door in the back of the property, and clean offices with a private restroom. 765 E Main is fit-up for an auto garage (4,723 SF), ready for a tenant to service vehicles in a stellar location, including office, reception area, waiting room, and 6 drive-in doors.

Owner occupants take note, there is currently in-place income on the property through July 2021! Please inquire with agent for CA and details.

Highlights:
19,309 SF Available FOR SALE
0.7622 acres (approx. 33,200 SF)
Must see improvements in both spaces
Ample surface parking; paved and striped
Space has ample storage accessible from a drive-in door in the back of the property
12,000+ VPD on E Main
Convenient ingress and egress
Just over 2 miles to up-and-coming downtown Frankfort
Less than 8 miles from I-64
General Commercial Zone
Current IN PLACE INCOME on former auto parts store!

Additional Details

Nearest MSA: Frankfort
County: Franklin
Tax ID/APN: 074-41-09-017.00
Zoning: COMMERCIAL
Retail Clientele: General, Business
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,036 25,846 40,356
Median Age: 36.68 38.23 39.16
Households: 3,033 11,043 17,043
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