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Renovated Medical Office Building
New
For Sale
$999,900

172 Versailles Road, Frankfort, KY 40601

Commercial Sale, Frankfort, KY

Property Size3,100 SF
Lot Size0.99 Acres
Price / SF$321.41
Days on Market3

Property Features for 172 Versailles Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning C
Zoning description Commercial
Parking 30
Parking features On Street
Directions 172 Versailles Rd. Frankfort, KY 40601
Subdivision 014 - Franklin County
Standard status Active
APN 085-21-02-021.00
Size 3,111 SF
Lot size 0.99 Acres

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Electric

Building Details

Floors in Building 1
Building materials Block
Roof type Shingle, Rubber
Listing Agency: RO&CO Real Estate
Listed By: Nathan Dailey · License #222902
Added: Sep 30 Last Checked: Oct 2 at 8:06AM
MLS# 26026980

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 3,111-square-foot medical office property was renovated in 2025 and is currently configured for psychiatric services. Multiple office spaces create a professional layout. The building has block construction, electric heating and cooling, and a shingle and rubber roof. Public sewer serves the site, which encompasses 0.99 acres.

Positioned at 172 Versailles Road in Frankfort, the property is zoned C. On-street parking is listed among the property features.

Key Highlights

  • 3,111‑square‑foot medical office property
  • Renovated in 2025
  • Currently used as a psychiatrist’s office with multiple office spaces

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage HVAC Service Restaurant

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

470
Businesses Nearby
Under-served
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Similar Off Market Nearby

  • Animal Medical Center — 284 Versailles Rd, Frankfort, KY 40601
  • Frankfort Veterinary Clinic — 715 E Main St, Frankfort, KY 40601

Frequently Asked Questions

What type of property is this?
Medical Office Space - Multiple office rooms support a range of professional services within a refreshed commercial property.
Where is this medical office space located?
The property is located at 172 Versailles Road Frankfort, KY.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 3,111‑square‑foot medical office property; Renovated in 2025; Currently used as a psychiatrist’s office with multiple office spaces
More about this property
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