201 Limestone Dr, Frankfort, KY 40601
This exceptional 8,771 square foot retail property, situated on a generous 4.14-acre lot (180,426 square feet), presents a unique investment opportunity in Frankfort, Kentucky. The single-story building, constructed in 2001, boasts a total of 49 parking spaces, ensuring ample convenience for customers and employees. Currently vacant, the entire 8,771 square feet is available for lease, offering significant potential for a variety of retail uses. The property's location on Limestone Drive, with convenient access to the East-West Connector, provides excellent visibility and accessibility. The building's former use as a First Financial Bank branch suggests a strong foundation and adaptable layout. Located in Franklin County, Kentucky, with a 40601 zip code, this property benefits from a prime location within a thriving community. The expansive lot size offers significant flexibility for future development or expansion. This is a rare opportunity to acquire a substantial retail space with significant land in a desirable Kentucky location. The property is ready for immediate occupancy and offers a blank canvas for a discerning buyer or tenant to create a thriving business. The ample parking and convenient location make this an ideal space for a variety of retail ventures.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.