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: |
1/4/2023 |
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.
|
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 |
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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