Property profile

200 Limestone Dr Frankfort, KY 40601

OFF-MARKET
Retail properties & Spaces
0.78 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Lot 0.78 ac (33,977 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

200 Limestone Dr Frankfort, KY 40601
Frankfort metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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