Flex Building with Vacant Garage
For Sale
$620,000
205 Locust Dr, Frankfort, KY 40601
General Commercial-zoned flex property with five units and a vacant garage bay.
Property Size9,750 SF
Lot Size1.50 Acres
Price / SF$63.59
Days on Market315
Property Features for 205 Locust Dr
General Information
Standard status
Active
Size
9,750 SF
Lot size
1.50 Acres
Property subtype
Industrial
Zoning
General Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1988
Buildings
1
Building Size
9,750 SF
Tenancy
Multi
Listing Agency:
The Gibson Company
(859) 224-8833
Listed By:
Jamie Smith · License #58263
(859) 224-8833
Source:
Kcrea.resimplifi
Added: Oct 22, 2025
Changed: Aug 30
Last Checked: Aug 31 at 1:47PM
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 The Gibson Company
Investment Insights
Based on property information with market context.
Built in 1988, this 9,750-square-foot flex property contains five individual units of approximately 1,850 square feet each, along with a separate 500-square-foot garage bay that is currently vacant. The configuration is suited to light industrial, service, and small-business uses, with on-site parking supporting the multi-unit layout.
The 1.5-acre property is zoned General Commercial and located at 205 Locust Dr in Frankfort, Kentucky. It sits just off Versailles Road, also designated US 60, behind Gary Yeoman’s Ford, with access to major highways. The property’s unit arrangement offers a combination of leased spaces and an available garage bay for owner use or future leasing.
The 1.5-acre property is zoned General Commercial and located at 205 Locust Dr in Frankfort, Kentucky. It sits just off Versailles Road, also designated US 60, behind Gary Yeoman’s Ford, with access to major highways. The property’s unit arrangement offers a combination of leased spaces and an available garage bay for owner use or future leasing.
Key Highlights
- 9,750 SF flex building on 1.5 acres
- Five individual units of approximately 1,850 SF each
- 500 SF garage bay currently vacant
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - General Commercial-zoned flex property with five units and a vacant garage bay.
Where is this flex space located?
The property is located at 205 Locust Dr Frankfort, KY.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 9,750 SF flex building on 1.5 acres; Five individual units of approximately 1,850 SF each; 500 SF garage bay currently vacant
