156 Frankfort St Versailles, KY 40383
This exceptional 3,029 square foot commercial property is situated on Frankfort Street in Versailles, Kentucky, a highly visible main corridor connecting the city's central business district to US 60 and major highway arteries including US 62 and I-64. This strategic location provides easy access to both Frankfort and Lexington. The property sits on a 0.32-acre lot and is zoned B-4 Highway Business District, allowing for a variety of uses. Permitted uses include retail establishments, small service businesses, drugstores, hardware stores, professional offices, and banks. Currently, the property boasts two tenants: an orthodontist office occupying the front space and a pet spa located in the rear. The B-4 zoning designation is highly sought after and properties with this zoning are rarely available. This presents a unique opportunity for investors or business owners seeking a well-located, versatile commercial space with existing income streams. The asking price for this turnkey operation is $395,000. This property offers excellent visibility and accessibility, making it an ideal investment for a variety of commercial ventures. Don't miss this chance to acquire a prime commercial property in a thriving Kentucky community.
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Quillen Eric L DDS Dental Office
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Quillen Orthodontics Dental Office
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Simpson's Pet Grooming Pet Grooming Service
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
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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.