Historic Bed & Breakfast with Guest
For Sale
$1,123,000
315 W 3rd Street, Frankfort, KY 40601
COMMERCIAL - Frankfort, KY
Property Size5,824 SF
Lot Size0.29 Acres
Price / SF$192.82
Days on Market46
Property Features for 315 W 3rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
South Frankfort
Directions
From Capital Ave to W Third
Standard status
Active
APN
062-13-13-004.00
Size
5,824 SF
Lot size
0.29 Acres
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1904
Listing Agency:
Marshall Lane Real Estate
(502) 682-1226
Listed By:
Jennifer Woods
(859) 948-4431
Added: Jun 22
Changed: Aug 4
Last Checked: Aug 6 at 11:06PM
MLS# 26014537
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.
Historic bed and breakfast opportunity in South Frankfort featuring two separate residences totaling over 6,400 square feet of finished space. The main residence includes 4,224 square feet with 5 bedrooms and 3.5 bathrooms, along with original hardwood floors, crown molding, a handcrafted carved staircase, soaring ceilings, and 6 fireplaces (including 2 gas fireplaces). A spacious first-floor primary suite and a kitchen with granite countertops and stainless steel appliances round out the home.
Behind the main house, a fully furnished 1,600 square foot guest house provides 3 bedrooms and 1.5 bathrooms. It includes granite countertops and stainless steel appliances and has a new roof. The guest house is currently listed as an Airbnb, creating an existing short-term rental setup.
The property also includes a two-car garage connected to the guest house structure with exterior access only and no interior access into the guest house. A wraparound front porch with hardwood flooring was recently refinished with a specialty outdoor finish. The property is heated and cooled with heat pumps and was built in 1904. Buyer to verify zoning, permitting, licensing, and intended use.
Behind the main house, a fully furnished 1,600 square foot guest house provides 3 bedrooms and 1.5 bathrooms. It includes granite countertops and stainless steel appliances and has a new roof. The guest house is currently listed as an Airbnb, creating an existing short-term rental setup.
The property also includes a two-car garage connected to the guest house structure with exterior access only and no interior access into the guest house. A wraparound front porch with hardwood flooring was recently refinished with a specialty outdoor finish. The property is heated and cooled with heat pumps and was built in 1904. Buyer to verify zoning, permitting, licensing, and intended use.
Key Highlights
- Over 6,400 sq ft of finished space across two separate residences
- Main residence: 4,224 sq ft with 5 bedrooms and 3.5 bathrooms
- Guest house: 1,600 sq ft with 3 bedrooms and 1.5 bathrooms, furnished and currently listed as an Airbnb
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
Balanced
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
Questions? Ask Rey
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Similar Off Market Nearby
- The Meeting House Restaurant — 519 Ann St, Frankfort, KY 40601
- BnB's BnB at the Meeting House — 519 Ann St, Frankfort, KY 40601
- Hsbah — 616 Capital Ave, Frankfort, KY 40601, United States
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Two-residence property with a furnished guest house currently operating as an Airbnb and a main home with multiple fireplaces.
Where is this bed & breakfast located?
The property is located at 315 W 3rd Street Frankfort, KY.
What is the asking price?
The asking price for this property is $1,123,000.
What are key features of this property?
This property features: Over 6,400 sq ft of finished space across two separate residences; Main residence: 4,224 sq ft with 5 bedrooms and 3.5 bathrooms; Guest house: 1,600 sq ft with 3 bedrooms and 1.5 bathrooms, furnished and currently listed as an Airbnb
