Professional Complex/Office Space in Downtown Frankfort

Office for Sale
Catylist Listing ID: 30766327
Property Subtypes: Business Park, Executive Suites, Coworking, Mixed Use, Office Building
Building Size (RSF): 20,000 SF
Gross Land Area: 25,613 SF
Sale Price: $1,350,000
Unit Price: $67.50 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Building Name: Clock Tower Building
Class of Space: Class B
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 10/8/2021

Overview / Comments

This downtown unique office space has approx. 20,000 sq. ft of mixed use office space. Strategically located in the desirable downtown Frankfort area, this building sits directly at the top of the hill where Capital Ave. meets Main St. Referred to by locals as the "Clock Tower Building", this building has been upgraded/renovated in most of the spaces within with a modern, airy look, and has a newer roof. This building is occupied with 6 business tenants and one residential tenant. There are large conference room areas, and multiple office spaces. There are also multiple large windows with beautiful views of downtown and the train tunnel below. There is an elevator that is ADA compliant. The residential space on site is a renovated upscale loft with direct views up Capital Ave. to the capital. This is an opportunity to own one of the most unique, historical, and beautiful commercial buildings in Frankfort!
Directions: To pull into our direct parking lot, you would turn find the entrance at the very top of Broadway St. Parking along Broadway hill is also available for this building.

Additional Details

Nearest MSA: Frankfort
County: Franklin
Taxing Authority: Franklin
Tax ID/APN: 061-42-12-006.00
Zoning: GENERAL COMMERCIAL
Property Located Between: At the end of Capital Ave. where Capital meets Main St.
Property Visibility: Excellent
Highway Access: Centrally located in downtown, close to 60, 127 and 421, which lead quickly to interstate 64.
Airports: LEX and LOU
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1996
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: mix of block, brick, concrete, glass/windows, stone, stucco
Parking Type: Other
Parking Description: 7 spaces directly in front of building at the top of the hill, with 6/7 spaces along hill of Broadway. Additional multiple spaces in a sand lot off of Broadway.
Total Parking Spaces: 20
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity, Hot Water
Internet Access: Other
Interior Description: Drop ceiling, drywall, slate tile, polished concrete floor, industrial carpet,
Zoning Description: general commercial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,045 30,350 40,416
Median Age: 38.69 37.84 38.92
Households: 2,012 13,186 17,134

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