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Renovated Shopping Center
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186 Frankfort Rd, Shelbyville, KY 40065

Renovated retail center with access from two roads and a fully occupied tenant roster.

Property Size87,000 SF
Days on Market142

Property Features for 186 Frankfort Rd

General Information

Standard status Active
Size 87,000 SF
Property subtype Retail
Occupancy 100%

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Year Renovated 2015
Listing Agency: Cushman & Wakefield Commercial Kentucky
Listed By: Austin English · License #KY 271161
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 6:00AM

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 Cushman & Wakefield Commercial Kentucky

Investment Insights

Based on property information with market context.

Governors Square is an 87,000 SF shopping center at 186 Frankfort Rd in Shelbyville, Kentucky. The retail property underwent extensive renovation in 2015 and is currently 100% occupied.

The center provides ingress and egress from both US Highway 60, also known as Frankfort Road, and US Highway 53, also known as Mt. Eden Road. Its configuration along two established retail corridors supports convenient access from each roadway. The property combines a substantial retail footprint, completed renovation work, and full occupancy in a single commercial asset.

Key Highlights

  • 87,000 SF shopping center
  • Extensive renovation completed in 2015
  • Currently 100% occupied

Property Analytics

Current Use

Tipton Barber Shop Barber Shop Norton Vascular Surgery Medical Clinic Governor's Square Shopping Center & Mall

Suggested Use

Top Pick Parking Lot & Garage Pharmacy Grocery & Convenience Store Storage Facility 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.

Lease Details

100%
Occupancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

526
Businesses Nearby
104k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 48% Home Improvements & Furnishings 29% Shops & Services 20% Beauty & Spa 3%
Rural King Home Improvements & Furnishings
29,677 visits/mo 0.4 miles
McDonald's Dining
26,949 visits/mo 0.1 miles
Taco Bell Dining
11,623 visits/mo 0.3 miles
Family Dollar Shops & Services
7,782 visits/mo 0.0 miles
Chase Bank Shops & Services
6,089 visits/mo 0.5 miles

Demographics for 40065, KY

32,729
Population
12,943
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
85%
High-School Grad
167.5 sq mi
ZIP Area
195
Density / Sq Mi
$76,813
Median Household Income
$40,767
Median Earnings
$1,002
Median Rent
$254,200
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
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  • Governor's Square 186 Frankfort Rd, Shelbyville, KY 40065
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Frequently Asked Questions

What type of property is this?
Shopping center - Renovated retail center with access from two roads and a fully occupied tenant roster.
Where is this shopping center located?
The property is located at 186 Frankfort Rd Shelbyville, KY.
What are key features of this property?
This property features: 87,000 SF shopping center; Extensive renovation completed in 2015; Currently 100% occupied
(502) 719-3221 Call to check price and availability
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