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    331 Versailles Rd Frankfort, KY 40601

    Sponsored
    For Sale
    $315,000

    Prime Frankfort location, versatile office space.

    Property size:
    2,028 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 2,028 square foot commercial property, situated on a 0.3-acre lot at 331 Versailles Road in Frankfort, Kentucky, presents a unique investment opportunity. Originally a residential home, this building has been thoughtfully renovated into a functional and attractive office space, retaining much of its original charm. The property benefits from a highly desirable location on a busy thoroughfare, ensuring high visibility and significant traffic flow, ideal for businesses seeking maximum exposure. The adaptable layout offers considerable flexibility, making it suitable for a variety of commercial uses. The combination of a prime location and the potential for live/work arrangements makes this property a truly rare find in the Frankfort market. The asking price is $315,000. This property offers a compelling blend of residential aesthetics and commercial practicality, providing a unique and attractive space for a discerning business owner. Its location on a bustling road ensures consistent foot and vehicle traffic, maximizing the potential for customer interaction and brand awareness. The interior layout is designed to accommodate a range of business needs, offering both private and collaborative workspaces. The 0.3-acre lot provides ample space for parking and potential future expansion. This is an excellent opportunity to acquire a well-maintained, high-visibility commercial property in a thriving Kentucky city.

    Property Features for 331 Versailles Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,028 SF
    Lot Size
    13,068 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Smith Garage Equipment Equipment Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Franklin
    State
    Kentucky
    Longitude
    -84.83031
    Latitude
    38.19707

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Frankfort location, versatile office space.
    Where is this commercial real estate located?
    The property is located at 331 Versailles Rd Frankfort, KY.
    What is the asking price?
    The asking price for this property is $315,000.
    (502) 223-1600
    Request Owner's contact information
    331 Versailles Rd Frankfort, KY 40601
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    Frankfort, KY 40601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    331 Versailles Rd Frankfort, KY 40601
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