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    Hwy 127 Frankfort, KY 40601

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    For Sale
    Contact for pricing

    Prime Kentucky highway commercial lots.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents multiple commercial land parcels ideally situated along US Highway 127 S in Frankfort, Kentucky, within the CH-HIGHWAY COMMERCIAL DISTRICT zoning. This allows for a variety of uses, generally including retail, office, and service establishments. The available lots range in size from 0.57 acres to 1.9 acres, offering flexibility for various development projects. Specific lot sizes and pricing are as follows: Lot 1 (1.605 acres, $200,000), Lot 2 (1.862 acres, $290,000), Lot 3 (0.953 acres, $180,000), Lot 4 (1.898 acres, $285,000), Lot 5 (1.286 acres, $160,000), Lot 6 (1.576 acres, $215,000), and Lot 7 (0.57 acres, $100,000). All lots are located on Water Tower Place in Franklin County, Kentucky, zip code 40601. The property's strategic location on a major highway provides excellent visibility and accessibility, making it an attractive investment for businesses seeking high traffic exposure. This presents a rare chance to acquire prime commercial land in a thriving Kentucky market. Detailed site plans and zoning information are available upon request. Don't miss this chance to secure your piece of Frankfort's commercial future.

    Property Features for 0 Hwy 127

    General Information

    Property type
    Land
    Lot Size
    24,829 SF

    HighLights

    • 1.605‑acre lot at 101 Water Tower Place, priced at $200,000.
    • 1.862‑acre lot at 121 Water Tower Place, listed at $290,000.
    • 0.953‑acre lot at 131 Water Tower Place, offered at $180,000.
    • 1.898‑acre lot at 141 Water Tower Place, priced at $285,000.
    • 1.286‑acre lot at 130 Water Tower Place, listed at $160,000.
    • 1.576‑acre lot at 120 Water Tower Place, priced at $215,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Frankfort
    County
    Franklin
    State
    Kentucky
    Longitude
    -84.8984775
    Latitude
    38.2481018

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    FAQs

    What type of property is this?
    Land - Prime Kentucky highway commercial lots.
    Where is this land located?
    The property is located at Hwy 127 Frankfort, KY.
    What are key features of this property?
    This property features: 1.605-acre lot at 101 Water Tower Place, priced at $200,000.; 1.862-acre lot at 121 Water Tower Place, listed at $290,000.; 0.953-acre lot at 131 Water Tower Place, offered at $180,000.
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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
    Hwy 127 Frankfort, KY 40601
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