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    1505 Leestown Rd Frankfort, KY 40601

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    For Sale
    $2,900,000

    32.87 AC industrial land suitable for various industrial uses.

    Property size:
    32 SF
    Lot size:
    32.87 Acres

    Property Features for 1505 Leestown Rd

    General Information

    Size
    32 SF
    Lot size
    32.87 Acres

    Source: Bruce Isaac, SIOR, CCIM Agent Bruce Isaac, SIOR, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Frankfort Industrial Land Opportunity

    This 32.87 AC industrial land is available for sale in Frankfort, located on Leestown Road near the intersection of Versailles Road (US 60). The property is situated in an area with easy access to major transportation routes and proximity to Blue Grass Airport, Lexington, and Louisville. The Kentucky State Capitol, Kentucky History Center, and Buffalo Trace Distillery are nearby. The location is suitable for future industrial users, with thriving bourbon and manufacturing industries. It presents a development opportunity suitable for approximately 54,000 to 170,000 SF in two or three buildings. Permitted uses include manufacturing, assembly, wholesaling, and warehousing. Utilities available to the site include electric, gas, water, and sewer. Three-phase electric is available north and south of the property. An 8" steel gas line with a maximum operating pressure of 250 PSIG is present, with an additional 8" high-pressure line running along Leestown Road. The property is zoned IG, General Industrial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Franklin
    State
    Kentucky
    Longitude
    -84.8052653
    Latitude
    38.1846596

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    FAQs

    What type of property is this?
    Industrial land - 32.87 AC industrial land suitable for various industrial uses.
    Where is this industrial land located?
    The property is located at 1505 Leestown Rd Frankfort, KY.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Large industrial land parcel: +/-32.87 AC available for development.; - Strategic location: Easy access to major transportation routes and proximity to Lexington, Louisville, and Blue Grass Airport.; - Includes 8" steel gas lines with high operating pressure suitable for diverse industrial applications.
    (859) 221-4438
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    1505 Leestown 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
    1505 Leestown Rd Frankfort, KY 40601
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