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Bright Downtown Flex Space
For Lease
$750/Mo

316 Wapping Street, Frankfort, KY 40601

Commercial Lease, Frankfort, KY

Space Size1,600 SF
Property Size22,000 SF
Lot Size0.22 Acres
Days on Market158

Property Features for 316 Wapping Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning description Central Business
Rooms Basement
Basement Concrete
Subdivision Downtown
Directions From E Main Street take a left on St. Clair and a right at the stop sign on to Wapping. From Wilkinson St. take a left onto Wapping.
Standard status Active
APN 061-24-11-015.01
Size 800 SF
Lot size 0.22 Acres

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Radiant

Building Details

Year built 1922
Listing Agency: Bluegrass Realty & Investments
Listed By: Joe Johnson
Added: Apr 22 Changed: Sep 12 Last Checked: Sep 26 at 1:06PM
MLS# 26008660

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 second-floor flex space offers a partially open layout that can be arranged for office, studio, or other commercial uses. Twelve-foot ceilings and broad window areas bring natural light into the space, while radiant heating supports year-round operations. The property also includes access to public sewer and cable availability.

Located in downtown Frankfort, the building sits beside the Franklin County Judicial Center and across from the Paul Sawyier Public Library. The surrounding property includes retail, offices, artist and dance studios, and makers spaces, creating a varied commercial environment. A basement is also included in the building configuration.

Key Highlights

  • Second‑floor flex space with a partially open layout
  • 12‑foot ceilings and large banks of windows
  • Located in downtown Frankfort at 316 Wapping Street

Property Analytics

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Current Use

Kentucky Dance Academy Training Center Ky Conservation Committee Association / Organization HealRain CBD Oil (Bike/Boat/Book/etc) Store Nimmo Family Martial ... Training Center

Suggested Use

Top Pick Hair Salon Nail Salon Pharmacy (Bike/Boat/Book/etc) Store Garden Center Electrical Service

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

925
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
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Second-floor commercial space with adaptable planning, tall ceilings, abundant windows, and a downtown Frankfort setting.
Where is this flex space located?
The property is located at 316 Wapping Street Frankfort, KY.
What is the lease rate?
The lease rate is $750/Mo.
What are key features of this property?
This property features: Second‑floor flex space with a partially open layout; 12‑foot ceilings and large banks of windows; Located in downtown Frankfort at 316 Wapping Street
More about this property
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