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741 Schenkel Ln Frankfort, KY 40601

OFF-MARKET Specialty properties Google Maps
3,990 SF
Entity Owned
Estimated value
No estimation on file for this property yet.
Property ID US34-1612992

Property summary

AI-generated overview

This exceptional commercial property at 741 Schenkel Lane in Frankfort, Kentucky, presents a unique investment opportunity. The 3,990 square foot building sits on a generous 16,552 square foot lot, offering significant potential for various commercial uses. The building's current configuration allows for easy division into four separate spaces, each equipped with its own entrance and half-bath, providing flexibility for multiple tenants or a single user requiring distinct areas. Two independent HVAC zones ensure climate control efficiency, further enhanced by supplemental air conditioning units. The property is being offered "As-Is," with inspections welcomed. A compelling aspect of this sale is the seller's willingness to engage in a leaseback agreement extending at least until May 2025, providing a guaranteed income stream during the transition period while their new building is under construction. Located in Franklin County, Kentucky, with the address 741 Schenkel Lane, Frankfort, KY 40601 (38.2178556, -84.8399974), this property offers a blend of immediate income potential and long-term development prospects. This is a rare opportunity to acquire a versatile commercial property in a desirable location. Don't miss out on this chance to secure a valuable asset in the thriving Frankfort market.

Property profile

Verified
Property type Specialty properties
Total area 3,990 SF
UPID US34-1612992

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
  • Mosque

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2026
1 recorded transaction
2026
$120,000

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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