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Flexible-Layout Retail Space
For Lease
$600/Mo

402 Ann Street, Frankfort, KY 40601

An open-plan commercial suite supports office or retail occupancy in downtown Frankfort’s Central Business district.

Space Size550 SF
Days on Market305

Property Features for 402 Ann Street

General Information

Standard status Active
Size 550 SF
Net Rentable 550 SF
Zoning Central Business

Space & Availability

Available Space 550 SF
Contiguous Space 550 SF
Space Use Office

Building Details

Building Size 540 SF
Year Built 1900
Listing Agency: The Gibson Company
Listed By: Dallas Hodge · License #248687
Source: Bluegrasspropertiesgroup
Added: Jan 6 Changed: Nov 4 Last Checked: Nov 6 at 12:51AM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This retail space at 402 Ann Street offers an open layout that can serve office or retail users. The building dates to 1900, and the property is zoned Central Business.

The downtown Frankfort setting is near government offices, local businesses, restaurants, and shops. The space is also identified with the West Broadway corridor.

Key Highlights

  • Open layout suitable for office or retail use
  • Central Business zoning
  • Downtown setting near government offices, businesses, restaurants, and shops

Property Analytics

Current Use

Retail space

Suggested Use

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

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
$2.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

961
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

Lease Benchmarks for Frankfort, KY

$16.63 /SF/Yr
Avg Asking Price
$1.58–$45.5 /SF/Yr
Price Range
31,072 SF
Avg Space Size

This space is priced 20% below the average of $16.63 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Retail space - An open-plan commercial suite supports office or retail occupancy in downtown Frankfort’s Central Business district.
Where is this retail space located?
The property is located at 402 Ann Street Frankfort, KY.
What is the lease rate?
The lease rate is $600/Mo.
What are key features of this property?
This property features: Open layout suitable for office or retail use; Central Business zoning; Downtown setting near government offices, businesses, restaurants, and shops
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Includes: Price & PSF · Cap rate · Location · Zoning

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