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    1070 Versailles Rd Frankfort, KY 40601

    Sponsored
    For Sale
    $4,950,000

    Frankfort, KY - Prime Retail Investment

    Property size:
    23,987 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 23,987-square-foot freestanding building presents a compelling investment opportunity in Frankfort, Kentucky. Situated on a 5.932-acre lot at 1070 Versailles Road, this property enjoys a high-traffic location near US Highway 421 and I-64, boasting an average daily traffic count of approximately 27,413 vehicles. Currently operating as a Ford dealership under a net lease expiring October 31, 2026 (1.9 years remaining), the property generates an annual rent of $300,000. The lease is absolute net, meaning the tenant is responsible for all repairs and maintenance. The property's CH (Commercial Highway) zoning allows for flexibility, presenting opportunities for continued use as an auto dealership or redevelopment after the lease expiration. The asking price is $4,950,000, translating to $206.36 per square foot. The property's strategic location offers excellent visibility and proximity to a variety of retail amenities, including banks, gas stations, restaurants, and grocery stores, making it an attractive proposition for both investors and potential tenants. This is a rare chance to acquire a substantial commercial property in a thriving Kentucky market.

    Property Features for 1070 Versailles Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    23,987 SF
    Lot Size
    258,398 SF

    HighLights

    • 23,987 SF building on 5.93 acres.
    • Suitable for redevelopment or repositioning as another car dealership after November 2026.
    • Frankfort Ford (tenant: F. Frankfort, Inc.) currently occupies the space.
    • Lease expires November 2026.
    • $300,000 annual net rent (absolute NNN lease).
    • High traffic location with 27,413 VPD on Versailles Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crossroads ford Auto Repair Shop Frankfort Lincoln Service Auto Repair Shop Crossroads Lincoln Lincoln Dealer Crossroads Lincoln Service Auto Repair Shop Frankfort Ford Used Car Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Franklin
    State
    Kentucky
    Longitude
    -84.8183449
    Latitude
    38.1856392

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    FAQs

    What type of property is this?
    Automotive property - Frankfort, KY - Prime Retail Investment
    Where is this automotive property located?
    The property is located at 1070 Versailles Rd Frankfort, KY.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: 23,987 SF building on 5.93 acres.; Suitable for redevelopment or repositioning as another car dealership after November 2026.; Frankfort Ford (tenant: F. Frankfort, Inc.) currently occupies the space.
    (859) 422-4410
    Request Owner's contact information
    1070 Versailles Rd 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
    1070 Versailles Rd Frankfort, KY 40601
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