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Frankfort Industrial Land Opportunity
For Sale
$2,900,000

1505 Leestown Road, Frankfort, KY 40601

32.87 AC industrial land suitable for various industrial uses.

Property Size32 SF
Price / SF$90,625
Days on Market274

Property Features for 1505 Leestown Road

General Information

Standard status Active
Size 32 SF
Property subtype Land
Listing Agency:
Listed By: Bruce Isaac, SIOR, CCIM · License #KY #182312
Source: Naiglobal
Added: Nov 21, 2025 Changed: Aug 8 Last Checked: May 9 at 3:52AM

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 Bruce Isaac, SIOR, CCIM

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Hair Salon Pharmacy HVAC 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.

Location Intelligence

Trade Area within ½ mile

201
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 Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

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 Road 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.
More about this property
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