Live-Work Commercial
For Sale
$1,150,000
205 Grandview Drive, Frankfort, KY 40601
COMMERCIAL - Frankfort, KY
Property Size9,476 SF
Lot Size0.51 Acres
Price / SF$121.36
Days on Market73
Property Features for 205 Grandview Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
CL - Limited Commercial
Parking
14
Subdivision
Grandview Heights
Directions
US-60 / Versailles Road to Grandview Drive (next to Eastwood Shopping Center). At stop sign, the building will be in front of you.
Standard status
Active
APN
085-21-07-001.00
Size
9,476 SF
Lot size
0.51 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Zoned, Electric
Building Details
Floors in Building
2
Building materials
Vinyl Siding
Listing Agency:
CENTURY 21 Simpson & Associates · Century 21 Real Estate
(502) 223-1600
Listed By:
Brent D Simpson · License #263029
(502) 320-4076
Added: May 20
Changed: Jul 24
Last Checked: Jul 31 at 4:06AM
MLS# 26011502
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 live/work commercial building offers a main retail level with approximately 4,000 square feet of space, two half baths, and a large parking lot. A current tenant has rented the retail portion for 12 years. The zoning is CL-Limited Commercial.
The main residence level includes a two-car garage, foyer, dual stairs, and a newer elevator installed in 2024 to service the second floor of the residence. The second level provides an upper foyer, living room, dining room, eat-in kitchen, and family room, along with four bedroom suites featuring adjacent private baths and walk-in closets.
Additional residence amenities include a half bath, covered front and back porches, and an external ramp to the ground level.
The main residence level includes a two-car garage, foyer, dual stairs, and a newer elevator installed in 2024 to service the second floor of the residence. The second level provides an upper foyer, living room, dining room, eat-in kitchen, and family room, along with four bedroom suites featuring adjacent private baths and walk-in closets.
Additional residence amenities include a half bath, covered front and back porches, and an external ramp to the ground level.
Key Highlights
- Live/work layout with CL‑Limited Commercial zoning and +/- 4,000 sq ft main retail level plus two half baths
- Long‑term tenant in place: current tenant has rented the retail space for 12 years
- Residence level includes a two‑car garage, foyer, dual stairs, and a newer 2024 elevator to the second floor
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Live/work property with retail space and a residence featuring a 2024 elevator and multiple bedroom suites.
Where is this live-work space located?
The property is located at 205 Grandview Drive Frankfort, KY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Live/work layout with CL‑Limited Commercial zoning and +/- 4,000 sq ft main retail level plus two half baths; Long‑term tenant in place: current tenant has rented the retail space for 12 years; Residence level includes a two‑car garage, foyer, dual stairs, and a newer 2024 elevator to the second floor
