205 Locust Drive
Frankfort, KY, 40601 $ 630,000
Bedrooms-- Baths-- Sq 9,750 Monthly Estimate*
$ 3,879
for $630,000. This 9,750 square foot building was built in 1988 on a lot size of 1.67.
Outstanding investment opportunity in Frankfort, Kentucky! This 9,750 SF flex building sits on 1.5 acres of General Commercial-zoned land, conveniently located just off Versailles Road (US 60) behind Gary Yeoman's Ford. The property consists of five (5) individual units at approximately 1,850 SF each, ideal for light industrial, service, or small-business tenants. The building is 100% occupied with month-to-month tenants, providing stable income and immediate upside potential through rent adjustments or new leasing strategies. A 500 SF garage bay is currently vacant, offering flexibility for owner use or additional rental income. The site provides ample parking, easy access to major highways, and a functional flex layout suitable for contractors, distributors, or service companies. This is a great opportunity for an investor or owner-user to acquire a well-located commercial asset with value-add potential in one of Frankfort's most accessible commercial corridors.Property Description Outstanding investment opportunity in Frankfort, Kentucky! This 9,750 SF flex building sits on 1.5 acres of General Commercial-zoned land, conveniently located just off Versailles Road (US 60) behind Gary Yeoman's Ford. The property consists of five (5) individual units at approximately 1,850 SF each, ideal for light industrial, service, or small-business tenants. The building is 100% occupied with month-to-month tenants, providing stable income and immediate upside potential through rent adjustments or new leasing strategies. A 500 SF garage bay is currently vacant, offering flexibility for owner use or additional rental income. The site provides ample parking, easy access to major highways, and a functional flex layout suitable for contractors, distributors, or service companies. This is a great opportunity for an investor or owner-user to acquire a well-located commercial asset with value-add potential in one of Frankfort's most accessible commercial corridors.
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FeaturesGeneralSewer Septic Tank
Possession Negotiable
Zoning Other
Year Built 1988
Property Subtype Warehouse
Parcel Number 086-30-09-004.02
Business Type Industrial Commercial
County Franklin
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Commercial
Status Active
Directions Located just off of Lexington Road behind Gary Yeomans Ford
City Frankfort
Zoning Description CG - Commercial General
MLS Area 014 - Franklin County
Lot Size Units Acres
Lot Size Square Feet 72745.2
Land Lease Y/N N
MLS Area Minor 014 - Franklin County
Leasable Area 9750.0
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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ExteriorParking Features On Site
Lot Size Area 1.67
Number of Buildings 1
Building Area Total 9750.0
Lot Size Acres 1.67
Crops Included Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Total Baths 0
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* Excluded FeaturesList Bykverhoven@thegibsoncompany.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,879
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Frankfort, KY
Average List Price $777,290
Percent of Sale Price 23%
About Frankfort, KY 28,237 Population
3% Since 2002
$ 45,871 Median Income
38.14 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
458656 Elementary School
458772 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/21/2026 | $630,000 | -13.70% | Price Down |
| 1/21/2026 | $730,000 | | Listed Price |