511-513 Capital Avenue
Frankfort, KY, 40601 $ 878,000
Bedrooms-- Baths-- Sq 4,255 Monthly Estimate*
$ 5,544
for $878,000. This 4,255 square foot building was built on a lot size of 0.3.
With its stately presence in historic South Frankfort directly on Capital Avenue, this property sits prominently among and near significant tourism draws; Bourbon Trail, historical sites such as the Capitol, Old Capitol, Governor's Mansion, Downtown Frankfort, and many more. This property is being offered to the discerning buyer seeking a unique, spacious home complete with off-street and ample parking, with potential to provide an income stream to the new owner (buyer to seek and obtain final approval), as it is currently operated as a host-occupied bed and breakfast and residence. The photos and information in the attached documents speak to the high level of excellence and attention to detail in this fully renovated property. Now one of the finer presentations on the central Kentucky market, you are invited to tour this property during limited, scheduled hours. Perhaps you too would enjoy the prestigious experience this Capital Avenue property offers. Currently configured with 3 bedrooms, all with en suite bathrooms, 4 half bathrooms, 2 kitchens, 2 pantries, 2 dining rooms, living room, lounge/barroom, office & bonus/sewing/work room. The location of the rooms, extra bathrooms, access routes and two stairways, and five entrances, provide a number of possible alternative uses for this property. Possibilities include: two 3-Bedroom STR Suites, boutique restaurant, European-style bistro, private events, bourbon experiences venue, bed & breakfast or boutique inn and more. Some uses may be subject to approvals, permitting, etc. Buyer to verify all features and aspects of property including but not limited to boundaries, square feet, water, sewer, schools, zoning, and suitability.
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FeaturesGeneralHeating Forced Air Heat Pump Natural Gas Zoned
Cooling Electric Heat Pump Multi Units Zoned
Year Built 9999
Property Subtype Business
Parcel Number 062-32-03-020.00
Business Type Other
County Franklin
New Construction N
Property Type Business Opportunity
Subdivision Name South Frankfort
Status Active
Directions From Louisville Rd (US 60) at US 127 drive easy on Louisville Rd for 0.7 bear left onto Lafayette Dr. in 0.3 mile turn left onto Shelby St. In 0.1 mile turn right onto State St. In 500 ft enter th
City Frankfort
MLS Area 014 - Franklin County
Lot Size Units Acres
Lot Size Square Feet 12910.0
Land Lease Y/N N
MLS Area Minor 014 - Franklin County
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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ExteriorLot Size Area 0.3
Building Area Total 4944.0
Lot Size Acres 0.3
Crops Included Y/N N
Irrigation Water Rights Y/N N
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InteriorAir Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
Heating-Heat Pump True
Heating-Forced Air True
Heating-Natural Gas True
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* Excluded FeaturesList ByMarshall Lane Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,544
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $856,796
Percent of Sale Price 2%
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 |
|---|
| 7/10/2026 | $878,000 | | Listed Price |