For Sale | Retail Development Opportunity | Frankfort, KY
Vacant Land
for Sale
Sale Pending
| Catylist Listing ID: |
30508793 |
| Property Subtypes: |
Retail, Retail-Pad
|
| Status: |
Pending |
| Gross Land Area: |
1 Acre
|
| Sale Price: |
$100,000 - 350,000 |
| Unit Price: |
$100,000 - 350,000 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/24/2020 |
Overview / Comments
UNDER CONTRACT - 1 acre in Frankfort, Kentucky for sale or build-to-suit. Excellent visibility and access from Louisville Road. Juniper Hills Golf Course and Aquatic Center backs up to the property, presenting beautiful rolling hills and manicured fairways, making it an ideal location for a restaurant with patio. The average daily traffic count on Louisville Road in front of the site is +/-12,230 ('18) VPD.
|
Additional Details
| Nearest MSA: |
Frankfort |
| County: |
Franklin |
| Tax ID/APN: |
049-40-09-003.00 |
| Zoning: |
CH, HIGHWAY COMMERCIAL DISTRICT |
| Property Visibility: |
Excellent |
| Traffic/Vehicle Count: |
12,230 |
| Site Description: |
Located approximately 1.5 miles off of I-64 at Exit 53B in Frankfort, KY. The property is situated in a high traffic area near the intersection of US 127 & US 60 in Frankfort's major retail corridor. |
| Area Description: |
Frankfort, the Capital of the Commonwealth, is bisected by the Kentucky River and is the midway point between Kentucky' s two largest markets of Lexington and Louisville. Frankfort is 29 miles west of Lexington, 54 miles east of Louisville and 107 miles southwest of Cincinnati.
Frankfort is home to Kentucky State University, a four year liberal arts college, with an enrollment of 2,400 students. Frankfort also has a Sports and Convention Center which seats 8,500 and attracts many concerts, sporting events and art exhibits to the city. The city of Frankfort has grown steadily, relying on state government, manufacturing and spirits distilling to provide a strong employment base. |
| Lot Frontage: |
255 |
| Topography: |
Level |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,402 |
24,212 |
42,015 |
| Median Age: |
42.93 |
36.82 |
39.25 |
| Households: |
2,496 |
10,399 |
17,787 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
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