1127 US Hwy 127 S Frankfort, KY 40601
85,000 SF shopping center with redevelopment and ground lease opportunities.
Type:Retail
Property size:
85,000 SFLot size:
14.30 Acres- Added:
- Jan 27, 2026
- Days on Market:
- 67
- Last Refresh:
- Mar 7 at 9:54 pm
Property Features for 1127 US Hwy 127 S
General Information
- Standard status
- Active
- Size
- 85,000 SF
- Lot size
- 14.30 Acres
- Property subtype
- Retail
Properties For Sale
at 1127 US Hwy 127 S Contact usListing agent Paul Ray Smith, Jr License #KY #183529 (859) 420-2200
Listing office (859) 420-2200
Listing date Jan 27, 2026
Source Naiglobal
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Paul Ray Smith, Jr
Overview
Recently Renovated Shopping Center
Century Plaza is an 85,000 square foot shopping center, recently renovated and situated on 14.30 acres. Located approximately 1 mile off I-64 at Exit 53B in Frankfort, KY, the property has excellent visibility and access from US 127. A redevelopment opportunity exists for ground lease, as well as a +/-0.37 acre outparcel for ground lease. The center is anchored by Dollar General, and a former Big Lots anchor space is available. Area retailers include Lowe's, Home Depot, and Walmart. Pylon signage is available, along with ample parking with 620 spaces. An average of 29,700 vehicles per day pass by the center. The location benefits from strong demographics, with a population of 35,365 within a 5 mile radius and an average household income of $53,832. The landlord will provide a standard white box finish to tenants, including drywall ready for paint, concrete ready for flooring, acoustical tile ceiling, lighting, and restrooms. A ground lease is available to accommodate up to a 50,000 square foot building. Frankfort, the Capitol of the Commonwealth, draws from Kentucky's two largest markets, Lexington and Louisville. State Government is the leading industry in Frankfort, with over 21,000 jobs.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Westridge Plaza — 111 Westridge Drive, Frankfort, KY 40601
- Coinstar Kiosk - Bitcoin ATM — Kroger - Louisville, 1389 US-127, Frankfort, KY 40601
Location Insight
- Map
- Local Demand
- City
- Frankfort
- County
- Franklin
- State
- Kentucky
- Longitude
- -84.8942
- Latitude
- 38.1746
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 85,000 SF shopping center with redevelopment and ground lease opportunities.
Where is this shopping center located?
The property is located at 1127 US Hwy 127 S Frankfort, KY.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Excellent visibility and access from US 127 and proximity to I‑64 (within 1 mile).; Anchor space availability (former Big Lots) presents a significant opportunity.; Strong demographics with a population of 35,365 within a 5‑mile radius and an average household income of $53,832.
