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Ten-Unit Strip Mall
For Sale
$589,000

114 Grandview Drive, Frankfort, KY 40601

Commercial Sale, Frankfort, KY

Property Size6,500 SF
Lot Size0.29 Acres
Price / SF$90.62
Days on Market126

Property Features for 114 Grandview Drive

General Information

Property type Commercial Sale
Property subtype Retail
Zoning description CH - Highway Commercial
Parking 23
Subdivision Grandview Heights
Directions US-60/Versailles Road to Grandview Drive. The building is located at the far end of the street on the left, before the stop sign.
Standard status Active
APN 085-21-03-009.00
Size 6,500 SF
Lot size 0.29 Acres

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Window Unit(s), Electric, Wall Unit(s)

Amenities

half bath
heating
cooling
electric

Building Details

Floors in Building 1
Building materials Block, Brick
Roof type Membrane
Listing Agency: CENTURY 21 Simpson & Associates · Century 21 Real Estate
Listed By: Brent D Simpson · License #263029
Added: May 20 Changed: Sep 12 Last Checked: Sep 22 at 1:06PM
MLS# 26011499

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This strip mall contains 10 individual business units within a 6,500-square-foot commercial building. Each unit includes a half bath along with separate heating, cooling, and electric service. Block and brick construction, a membrane roof, and public sewer serve the property. Heating is provided by forced air and natural gas, while cooling is supplied through wall and window units with electric service.

Key Highlights

  • 10 individual business units
  • 6,500 square feet of commercial building area
  • Each unit includes a half bath

Property Analytics

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Current Use

Strip malls

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

413
Businesses Nearby

Demographics for 40601, KY

52,133
Population
24,224
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
93%
High-School Grad
217.5 sq mi
ZIP Area
240
Density / Sq Mi
$67,125
Median Household Income
$40,685
Median Earnings
$944
Median Rent
$199,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Multi-unit commercial property with individually serviced spaces and separate tenant facilities.
Where is this strip mall located?
The property is located at 114 Grandview Drive Frankfort, KY.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 10 individual business units; 6,500 square feet of commercial building area; Each unit includes a half bath
More about this property
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