24,500 SF Temperature Controlled Warehouse / Additional Land Available

Industrial for Sale
Catylist Listing ID: 30815970
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 24,500 SF
Gross Building Area: See Agent
Gross Land Area: 2.88 Acres
Sale Price: $2,000,000
Unit Price: $81.63 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 9/6/2022

Overview / Comments

24,500 SF industrial property on 2.88 acres located 1 mile from I-64 in Frankfort, KY. These two connected buildings are both clear span, temperature controlled, and could be divisible for multiple tenants. The front warehouse was built in 2004 and is approximately 12,200 SF with 1,500 SF office, 10,700 SF warehouse, 17'8" clear height, LED lighting, 3 docks, 2 restrooms, mezzanine storage, and 800 amp 3-phase electric. The rear building was constructed in 2010 and is approximately 12,000 SF of warehouse, 17'1" clear height, 1 dock, 2 restrooms, and 800 amp 3-phase. The corridor connecting the two buildings has a roll-up door allowing the space to separated if needed. Potential sale-leaseback until Q2/Q3 2023 when owner's new building is complete. Additional 9.3 acres of industrial land available across the street at 104 Fortune Drive. Priced at $50,000/acre in a market with very limited supply of industrial land, this site can be purchased with the warehouse or separately.

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Additional Details

Nearest MSA: Frankfort
County: Franklin
Tax ID/APN: 087-00-00-035.05
Zoning: IG
Highway Access: 1 mile from I-64 and US 60
Tenancy: Multiple Tenants
Total Number of Buildings: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,548 16,981 37,015
Median Age: 40.95 37.71 39.4
Households: 1,068 6,907 15,750

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