Live-Work Property with
For Sale
$1,150,000
205 Grandview Drive, Frankfort, KY 40601
Commercial Sale, Frankfort, KY
Property Size9,476 SF
Lot Size0.51 Acres
Price / SF$121.36
Days on Market126
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
Natural Gas, Forced Air
Cooling system
Zoned, Electric
Amenities
large parking lot
two half baths
covered front and back porches
external ramp
elevator
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: Sep 12
Last Checked: Sep 22 at 1:06PM
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 9,476-square-foot live-work property combines a commercial retail level with an expansive residence above. The main commercial area provides +/- 4,000 square feet, two half baths, and a large parking lot; the current tenant has occupied the space for 12 years. The property also includes a two-car garage, foyer, dual stairways, and a newer elevator installed in 2024.
The upper residence includes a living room, dining room, eat-in kitchen, family room, and four bedroom suites with private adjacent baths and walk-in closets. Additional residential features include an upper foyer, half bath, covered front and rear porches, and an exterior ramp to the ground level. The 0.5106-acre property is zoned CL-Limited Commercial and has vinyl siding, forced-air natural gas heat, zoned electric cooling, and public sewer.
The upper residence includes a living room, dining room, eat-in kitchen, family room, and four bedroom suites with private adjacent baths and walk-in closets. Additional residential features include an upper foyer, half bath, covered front and rear porches, and an exterior ramp to the ground level. The 0.5106-acre property is zoned CL-Limited Commercial and has vinyl siding, forced-air natural gas heat, zoned electric cooling, and public sewer.
Key Highlights
- Zoned CL‑Limited Commercial
- +/- 4,000 commercial space with two half baths
- Current tenant has rented the space for 12 years
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
413
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Live-work space - Zoned CL-Limited Commercial with retail space, residential amenities, and an elevator serving the upper level.
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: Zoned CL‑Limited Commercial; +/- 4,000 commercial space with two half baths; Current tenant has rented the space for 12 years
