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    141 Water Tower Pl Frankfort, KY

    For Sale
    $285,000

    Commercial lots available in a Frankfort subdivision near Hwy 127.

    Lot size:
    1.90 Acres

    Property Features for 141 Water Tower Pl

    General Information

    Lot size
    1.90 Acres

    Source: Robbins Properties Agent Mark G. Robbins

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

    Overview

    Commercial Lots in Frankfort Subdivision

    Located off Hwy 127 near retail establishments, restaurants, state office buildings, I-64, the airport, and downtown Frankfort, Water Tower Place features eight commercial lots zoned CH. The lots are served by city sewers, water, and electricity. The street is paved with concrete curbs and terminates in a cul-de-sac.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Frankfort
    County
    Franklin
    State
    Kentucky
    Longitude
    -84.8732835
    Latitude
    38.2009055

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    FAQs

    What type of property is this?
    Commercial land - Commercial lots available in a Frankfort subdivision near Hwy 127.
    Where is this commercial land located?
    The property is located at 141 Water Tower Pl Frankfort, KY.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: - Convenient location near Hwy 127, retail, restaurants, state office buildings, I-64, the airport, and downtown Frankfort.; - Zoned CH (Commercial High).; - All lots are served by city sewers, water, and electricity.
    (615) 473-7731
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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
    141 Water Tower Pl Frankfort, KY
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