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    201 Limestone Dr Frankfort, KY 40601

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    For Lease
    Contact for pricing

    8,771 SF Retail Space, 4.14 Acres

    Lot size:
    8,771 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 8,771 square foot retail property, situated on a generous 4.14-acre lot (180,426 square feet), presents a unique investment opportunity in Frankfort, Kentucky. The single-story building, constructed in 2001, boasts a total of 49 parking spaces, ensuring ample convenience for customers and employees. Currently vacant, the entire 8,771 square feet is available for lease, offering significant potential for a variety of retail uses. The property's location on Limestone Drive, with convenient access to the East-West Connector, provides excellent visibility and accessibility. The building's former use as a First Financial Bank branch suggests a strong foundation and adaptable layout. Located in Franklin County, Kentucky, with a 40601 zip code, this property benefits from a prime location within a thriving community. The expansive lot size offers significant flexibility for future development or expansion. This is a rare opportunity to acquire a substantial retail space with significant land in a desirable Kentucky location. The property is ready for immediate occupancy and offers a blank canvas for a discerning buyer or tenant to create a thriving business. The ample parking and convenient location make this an ideal space for a variety of retail ventures.

    Property Features for 201 Limestone Dr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,771 SF

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    8,771 SF

    HighLights

    • 100% Occupied, Single Tenant Building
    • 8,771 SF Building Size
    • 8,771 SF Gross Leasable Area (GLA)
    • 4.142 Acres of Land, 180,426 SF Lot Size
    • Single‑Story Building
    • 49 Parking Spaces, 5.6/1000 Parking Ratio
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Map

    City
    Frankfort
    County
    Franklin
    State
    Kentucky
    Longitude
    -84.8957511
    Latitude
    38.1705357

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    FAQs

    What type of property is this?
    Individual retail property - 8,771 SF Retail Space, 4.14 Acres
    Where is this individual retail property located?
    The property is located at 201 Limestone Dr Frankfort, KY.
    What are key features of this property?
    This property features: 100% Occupied, Single Tenant Building; 8,771 SF Building Size; 8,771 SF Gross Leasable Area (GLA)
    Request Owner's contact information
    201 Limestone Dr Frankfort, KY 40601
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    Frankfort, KY 40601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201 Limestone Dr Frankfort, KY 40601
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