1070 Versailles Rd Frankfort, KY 40601
- Freestanding property
- 23,987 SF
- 5.93 lot acres
Current Use by Public Records
- Crossroads ford / Auto Repair Shop
- Frankfort Lincoln Service / Auto Repair Shop / Car Repair And Maintenance Service
- Crossroads Lincoln / Lincoln Dealer
- Crossroads Lincoln Service / Auto Repair Shop
- Frankfort Ford / Used Car Dealer / Car Dealer
Property Details for 1070 Versailles Rd
- Lot size
- 5.93 lot acres
- Property size
- 23,987 SF
- Property type
- Freestanding property
- Property subtype
- Auto shops
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Frankfort
- County
- Franklin
- State
- Kentucky
- Longitude
- -84.8183449
- Latitude
- 38.1856392
