Frankfort Retail Opportunity with High VPD

Retail-Commercial for Sale
Catylist Listing ID: 30725619
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 940 SF
Gross Building Area: See Agent
Sale Price: $198,500
Unit Price: $211.17 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2021

Overview / Comments

We are pleased to present this rare opportunity to purchase a 940 sf retail property in Frankfort, KY, right in the hustle and bustle of Frankfort retail, with high VPD. Offered FOR SALE or FOR LEASE, with plenty of parking, 210 Versailles represents an opportunity to move your business or office to a convenient location in the heart of Frankfort.

Traffic count of over 34,000 vehicles per day
Great redevelopment opportunity for retailer/office user
Located on major thoroughfare in the capital city of KY
Available FOR SALE ($198,500), or FOR LEASE ($1500/month + Building Expenses/Utilities)

Additional Details

Nearest MSA: Frankfort
County: Franklin
Tax ID/APN: 085-21-03-013.00
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Visibility: Excellent
Largest Nearby Street: Versailles Rd
Area Description: As the capital of Kentucky, Frankfort welcomes its guests with amazing architecture, rich history and fantastic shopping. The downtown area has great restaurants and is also the location of the Convention Center. Frankfort offers 3 public high schools, and is the home to Kentucky State University. Frankfort's city limits are approximately 50 miles east of Louisville and 25 miles west of Lexington. Easily accessible to Interstate 64 and Interstate 75. Frankfort's centralized location positions our city between three major airports: Lexington Bluegrass Airport, 30 minutes; Louisville International Airport, 50 minutes; and Cincinnati/Northern Kentucky International Airport, 1 hour 15 minutes.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,987 25,846 39,268
Median Age: 37.57 38.23 39.13
Households: 3,987 11,043 16,585
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