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    200 Limestone Dr Frankfort, KY 40601

    For Lease
    Contact for pricing

    0.78-acre retail land, single tenant.

    Lot size:
    33,977 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.78-acre outlot, designated Outlot 2, presents a prime retail opportunity within the thriving Limestone Centre at Franklin Square in Frankfort, KY. Located off I-64 at Exit 53B, this property benefits from exceptional visibility and accessibility. The site is part of a robust commercial area anchored by established and successful businesses including Norton Healthcare, Ollie's Bargain Outlet, and Fit4Life 24/7. The surrounding area boasts a diverse mix of national and regional retailers, creating a high-traffic environment ideal for attracting customers. Nearby businesses include Kroger, Lowe's, JCPenney, Franklin Square Cinemas, Panera Bread, Starbucks, Chick-fil-A, Walmart, McDonald's, Fifth Third Bank, and CVS Pharmacy, among others. The presence of Franklin Regional Medical Center further enhances the area's appeal and demographics. This single-tenant outlot offers significant potential for a variety of retail uses, capitalizing on the strong existing commercial infrastructure and high consumer traffic. The site's size and location make it an attractive investment for businesses seeking a prominent presence in a well-established and rapidly growing commercial center. This is a rare opportunity to secure a highly visible and accessible retail location in a thriving Kentucky market.

    Property Features for 200 Limestone Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,977 SF

    Unit(s) available at that property

    Space
    Size
    33,977 SF

    HighLights

    • 0.78‑acre outlot in Frankfort, KY, suitable for retail development.
    • Single‑tenant opportunity.
    • Located near major retailers including Kroger, Lowe's, and numerous restaurants.
    • Strong surrounding demographics anchored by Norton Healthcare, Ollie's Bargain Outlet, and Fit4Life 24/7.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Frankfort
    County
    Franklin
    State
    Kentucky
    Longitude
    -84.8960237
    Latitude
    38.1701258

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    FAQs

    What type of property is this?
    Land - 0.78-acre retail land, single tenant.
    Where is this land located?
    The property is located at 200 Limestone Dr Frankfort, KY.
    What are key features of this property?
    This property features: 0.78-acre outlot in Frankfort, KY, suitable for retail development.; Single-tenant opportunity.; Located near major retailers including Kroger, Lowe's, and numerous restaurants.
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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
    200 Limestone Dr Frankfort, KY 40601
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