200 Limestone Dr, Frankfort, KY 40601
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.
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
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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.