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    OFF-MARKET
    Office Units

    669 Chamberlin Ave, Frankfort, KY 40601

    38,966 SF 3.24 ac lot Built 2002
    Entity Owned 5-yr Hold
    Property ID
    US34-1809204
    Property summary
    AI-generated overview

    This exceptional single-story, Class B office building, located at 669 Chamberlin Avenue in Frankfort, Kentucky, presents a unique owner-user or investment opportunity. Boasting a substantial 38,956 square feet of net rentable space, this 2002-constructed property sits on a generous 3.24-acre lot and offers ample parking with 134 spaces. Currently configured as a multi-tenant building, a significant portion (21,966 square feet) is leased to the Kentucky Administrative Office of the Courts, providing a stable income stream for an investor. The remaining 16,990 square feet is available for lease or immediate occupancy, allowing for expansion or customization to suit a variety of business needs. The property is zoned PO Professional Office, ensuring flexibility for various professional uses. The asking price is $2,800,000, translating to a price per square foot of $71.86. This Frankfort property offers a compelling combination of established tenancy, significant available space, and convenient parking, making it an attractive proposition for both investors and owner-occupiers. The property's location in Franklin County, Kentucky, and its proximity to key amenities further enhance its appeal. The building's single-story design and substantial parking make it highly accessible and functional. This is a rare opportunity to acquire a substantial, well-located office building in a thriving Kentucky market. The APN is 036-00-00-011.25.

    Property profile
    Verified
    Property type Office Units
    Year built 2002
    Total area 38,966 SF
    Lot 3.24 ac (141,134 SF)
    APN 036-00-00-011.25
    UPID US34-1809204
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Kentucky Court of Appeals Law Firm
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Traditional Bank INC · 5 yrs held
    Traditional Bank INC
    since 2021
    2 recorded transactions
    2021
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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