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Renovated Bed & Breakfast
For Sale
$878,000

511-513 Capital Ave, Frankfort, KY 40601

Host-occupied lodging property with multiple entrances, private suites, kitchens, and off-street parking.

Property Size4,255 SF
Price / SF$206.35
Days on Market63

Property Features for 511-513 Capital Ave

General Information

Standard status Active
Size 4,255 SF
Property subtype Commercial

Additional Details

Road Access Yes

Building Details

Year Built 9999
Listing Agency: Marshall Lane Real Estate
Listed By: Mike Barnes
Source: Centralkyhomesforsale
Added: Jun 30 Changed: Aug 30 Last Checked: Aug 30 at 6:50PM

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 Marshall Lane Real Estate

Investment Insights

Based on property information with market context.

This 4,255-square-foot bed and breakfast is configured with three bedrooms, each with an en suite bathroom, plus four half bathrooms. The renovated interior includes two kitchens, two pantries, two dining rooms, a living room, lounge/barroom, office, and bonus room. Five entrances, two stairways, and varied room access create flexibility within the existing layout. Off-street parking is also provided.

The property is located at 511-513 Capital Ave in Frankfort’s historic South Frankfort area, near the Capitol, Old Capitol, Governor’s Mansion, Downtown Frankfort, and Bourbon Trail attractions. It is currently operated as a host-occupied bed and breakfast and residence. Potential concepts identified for the property include short-term rental suites, a boutique restaurant or bistro, private events, bourbon experiences, and boutique lodging; applicable approvals and permits should be verified by the buyer.

Key Highlights

  • 4,255‑square‑foot renovated bed and breakfast property
  • Three bedrooms, each with an en suite bathroom
  • Four half bathrooms, two kitchens, and two dining rooms

Property Analytics

Current Use

Bed & breakfasts

Suggested Use

Top Pick Hair Salon Electrical Service Plumbing Service Auto Parts Store Garden Center (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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

757
Businesses Nearby
Balanced
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Similar Off Market Nearby

  • Hsbah 616 Capital Ave, Frankfort, KY 40601, United States
  • The Meeting House Restaurant 519 Ann St, Frankfort, KY 40601
  • BnB's BnB at the Meeting House 519 Ann St, Frankfort, KY 40601

Frequently Asked Questions

What type of property is this?
Bed & breakfast - Host-occupied lodging property with multiple entrances, private suites, kitchens, and off-street parking.
Where is this bed & breakfast located?
The property is located at 511-513 Capital Ave Frankfort, KY.
What is the asking price?
The asking price for this property is $878,000.
What are key features of this property?
This property features: 4,255‑square‑foot renovated bed and breakfast property; Three bedrooms, each with an en suite bathroom; Four half bathrooms, two kitchens, and two dining rooms
More about this property
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