Property profile

669 Chamberlin Ave Frankfort, KY 40601

FOR SALE
Office Spaces
Property ID
US34-1809204
38,966 SF 3.24 ac lot Built 2002
Entity Owned 5-yr Hold
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For Sale
Contact for pricing 38,966 SF
669 Chamberlin Ave, Frankfort, KY 40601
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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 Spaces
Year built 2002
Total area 38,966 SF
Lot 3.24 ac (141,134 SF)
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

Current use

Occupant on record · Public records
  • Law Firm

Location

669 Chamberlin Ave Frankfort, KY 40601
Frankfort metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2018
Price N/A

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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More about this property
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