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Live-Work Property with Elevator
For Sale
$1,200,000

205 Grandview Dr, Frankfort, KY 40601

Zoned CL, the property combines a retail level with a four-suite residence and on-site parking.

Property Size9,476 SF
Price / SF$126.64
Days on Market102

Property Features for 205 Grandview Dr

General Information

Standard status Active
Size 9,476 SF
Total Parking Spaces 15
Property subtype Other
Zoning CL

Amenities

two half baths
large parking lot
15 Parking Spaces
Listing Agency: CENTURY 21 Simpson & Assoc
Listed By: Brent Simpson · License #263029
Source: Kcrea.resimplifi
Added: May 20 Changed: Aug 29 Last Checked: Aug 29 at 10:40AM

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 CENTURY 21 Simpson & Assoc

Investment Insights

Based on property information with market context.

This live-work property pairs a commercial ground level with a substantial upper-floor residence. The retail component measures approximately 4,000 square feet and includes two half baths, a large parking lot, and an existing tenant with 12 years of occupancy. A two-car garage, foyer, dual stairways, and a newer elevator installed in 2024 support access to the residential level.

The residence includes an upper foyer, living room, dining room, eat-in kitchen, family room, and four bedroom suites. Each suite has an adjacent private bathroom and walk-in closet. Additional features include a half bath, covered front and rear porches, and an exterior ramp connecting to the ground level. The property is zoned CL.

Key Highlights

  • Approximately 4,000‑square‑foot commercial level with two half baths
  • Existing tenant has occupied the commercial space for 12 years
  • Four bedroom suites with private adjacent baths and walk‑in closets

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage HVAC Service Kitchen & Bath Showroom

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

413
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 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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Frequently Asked Questions

What type of property is this?
Live-work space - Zoned CL, the property combines a retail level with a four-suite residence and on-site parking.
Where is this live-work space located?
The property is located at 205 Grandview Dr Frankfort, KY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 4,000‑square‑foot commercial level with two half baths; Existing tenant has occupied the commercial space for 12 years; Four bedroom suites with private adjacent baths and walk‑in closets
More about this property
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