Property summary
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
VerifiedCap rate & NOI
Current use
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Mosque
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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