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Renovated Shopping Center
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1127 US Hwy 127 S, Frankfort, KY 40601

Retail center offering anchor space, ground-lease opportunities, pylon signage, and a landlord-provided white box finish.

Space Size1,200 SF - 50,000 SF
Property Size85,000 SF
Lot Size14.30 Acres
Days on Market156

Property Features for 1127 US Hwy 127 S

General Information

Standard status Active
Size 1,200 SF - 50,000 SF
Total Parking Spaces 620
Lot size 14.30 Acres
Property subtype Neighborhood Center

Site & Location

Pylon Signage Yes
Anchor Co-Tenants Dollar General
Highway Access Yes

Additional Details

Space Use Retail
Flexible Term Yes

Amenities

restrooms

Building Details

Building Size 85,000 SF
Tenancy Multi

Spaces For Lease

at 1127 US Hwy 127 S Contact us

Major A (former Big Lots)

Size
30,000 SF
Lease Type
NNN
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Suite 1

Size
8,450 SF
Lease Type
NNN
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Suite 10

Size
1,400 SF
Lease Type
NNN
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Suite 12

Size
5,000 SF
Lease Type
NNN
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Suite 2

Size
3,200 SF
Lease Type
NNN
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Suite 3

Size
7,864 SF
Lease Type
NNN
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Suite 4

Size
4,000 SF
Lease Type
NNN
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Suite 7

Size
6,000 SF
Lease Type
NNN
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Suite 8

Size
1,200 SF
Lease Type
NNN
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Major B

Size
50,000 SF
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Outparcel

Size
16,117 SF
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Listing Agency: NAI Isaac
Listed By: P R Smith
Source: Thebrokerlist
Added: Apr 1 Changed: Sep 2 Last Checked: Aug 30 at 7:26PM

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 NAI Isaac

Investment Insights

Based on property information with market context.

Century Plaza is an established shopping center comprising 85,000 SF on 14.30 acres, with recent renovations and multiple leasing configurations. Available opportunities include a 30,000 SF anchor position, former Big Lots anchor space, a +/-0.37 AC outparcel for ground lease, and ground-lease capacity for a building of up to 50,000 SF. The landlord will deliver standard white box improvements, including painted-ready drywall, flooring-ready concrete, acoustical tile ceilings, lighting, and restrooms.

The center fronts US 127 in Frankfort and sits approximately one mile from I-64 at Exit 53B. Dollar General serves as an existing anchor, while nearby retailers include Lowe’s, Home Depot, Walmart, Harbor Freight, and Kroger. Pylon signage is available, and the property provides 620 parking spaces.

Key Highlights

  • 85,000 SF shopping center on 14.30 acres
  • 30,000 SF anchor position available, plus former Big Lots anchor space
  • Ground lease opportunities include a +/-0.37 AC outparcel and sites for up to 50,000 SF buildings

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Big Box & Wholesale Store HVAC Service Auto Repair Shop

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
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

453
Businesses Nearby
Balanced
Demand for This Use

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 Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Coinstar Kiosk - Bitcoin ATM Kroger - Louisville, 1389 US-127, Frankfort, KY 40601
  • Westridge Plaza 111 Westridge Drive, Frankfort, KY 40601

Frequently Asked Questions

What type of property is this?
Shopping center - Retail center offering anchor space, ground-lease opportunities, pylon signage, and a landlord-provided white box finish.
Where is this shopping center located?
The property is located at 1127 US Hwy 127 S Frankfort, KY.
What are key features of this property?
This property features: 85,000 SF shopping center on 14.30 acres; 30,000 SF anchor position available, plus former Big Lots anchor space; Ground lease opportunities include a +/-0.37 AC outparcel and sites for up to 50,000 SF buildings
More about this property
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