1303 Us-127 Frankfort, KY 40601

Property Details for 1303 Us-127

Year built

2004

Lot size

1.68 lot acres

Property size

6,753 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional 6,753-square-foot freestanding restaurant building presents a compelling investment opportunity in Frankfort, Kentucky. Situated on a generous 1.678-acre lot, this Class B property boasts a prime location within Franklin Square Shopping Center, directly between Kroger and JCPenney. Built in 2004, the single-story brick and stone structure offers ample surface parking and benefits from cross-easement parking within the shopping center. Its strategic placement along US-127 and proximity to I-64 (less than one minute away) ensures high visibility and easy accessibility. The property's zoning (PC Planned Commercial) allows for flexibility, with the potential for repurposing or demolition. This location is a key connector to approximately 1.5 million square feet of existing retail space and the future Paddocks of Frankfort, a significant $150 million mixed-use development anchored by a 128,000-square-foot Target store. The property offers excellent ingress and egress, serving a thriving retail market encompassing Frankfort, Lawrenceburg, Versailles, and Shelbyville. The asking price is $1,795,000. A ground lease option is also available at $140,000 per year. The property's APN is 050-00-00-020.10. Access is available from Westridge Drive and Vandalay Drive off US-127.

Location Insight

City

Frankfort

County

Franklin

State

Kentucky

Longitude

-84.8961

Latitude

38.1664