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Multi-Tenant Retail Building
For Sale
$596,467

114 Grandview Dr, Frankfort, KY 40601

Commercial building with 10 individual units, each with its own half bath, HVAC, and electrical service.

Property Size6,500 SF
Price / SF$91.76
Days on Market113

Property Features for 114 Grandview Dr

General Information

Standard status Active
Size 6,500 SF
Total Parking Spaces 20
Property subtype Retail
Zoning CH

Amenities

Power
Water
Sewer
Natural Gas
20 Parking Spaces

Building Details

Tenancy Multi
Listing Agency: CENTURY 21 Simpson & Assoc
Listed By: Brent Simpson · License #263029
Source: Kcrea.resimplifi
Added: May 20 Changed: Sep 8 Last Checked: Sep 9 at 5:32AM

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 CENTURY 21 Simpson & Assoc

Investment Insights

Based on property information with market context.

This commercial building is configured with 10 individual business units. Each unit includes a half bath and has its own heating, cooling, and electric service, supporting a range of separate tenant operations within one structure.

The property is being offered for sale, and the provided remarks note that existing rents are below market, creating room for improvements.

With multiple self-contained units, the building offers an income-focused layout designed for independent tenancy rather than a single large space.

Key Highlights

  • Commercial building with 10 individual business units.
  • Each unit includes its own half bath.
  • Each unit has its own heating and cooling.

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Cafe & Coffee Shop Garden Center Electrical Service

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

Location Intelligence

Trade Area within ½ mile

363
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Strip mall - Commercial building with 10 individual units, each with its own half bath, HVAC, and electrical service.
Where is this strip mall located?
The property is located at 114 Grandview Dr Frankfort, KY.
What is the asking price?
The asking price for this property is $596,467.
What are key features of this property?
This property features: Commercial building with 10 individual business units.; Each unit includes its own half bath.; Each unit has its own heating and cooling.
More about this property
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