Shopping Center

Frankfort, KY Shopping Centers for Lease

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Anchored Shopping Center
Updated: Nov 16, 2025
Anchored Shopping Center

1303 U.S. Hwy 127 S, Frankfort, KY 40601

$22 SF/Yr
Anchored by national and regional retailers
Restaurant, office, and retail space available
Near I‑64 and US 127
PC zoning
Located in Frankfort, Kentucky
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Renovated Shopping Center
Updated: Apr 1
Renovated Shopping Center

1127 US Hwy 127 S, Frankfort, KY 40601

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14.30 AC lot
85,000 SF shopping center on 14.30 acres
30,000 SF anchor position available, plus former Big Lots anchor space
Ground lease opportunities include a +/-0.37 AC outparcel and sites for up to 50,000 SF buildings
Frontage and access from US 127, approximately 1 mile from I‑64 at Exit 53B
620 parking spaces and pylon signage available
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Retail Outparcel in Power Center
Retail Outparcel in Power Center

7700 John Davis Dr, Frankfort, KY 40601

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Available outparcel in a power center with high traffic.

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Retail End-Cap Space
Retail End-Cap Space

1300-1300 US 127, Frankfort, KY 40601

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121,389 sqft

Signalized-corner setting near Kroger, Walmart, JC Penney, Lowe’s, and Franklin Square Cinemas.

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Retail Shopping Center
Retail Shopping Center

312 Versailles Rd, Frankfort, KY 40601

$10 SF/Yr
12,400 sqft

Commercially zoned retail space near a major grocery and McDonald’s on Frankfort’s east side.

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 5 Active listings in Frankfort, KY, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 1 Properties for Sales.

Shopping centers for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Shopping Center Suite 120A Retail
Shopping Center Suite 120A Retail

118 Marketplace Circle, Georgetown, KY 40324

$28 SF/Yr
2,500 sqft

Retail suite in a premier outdoor shopping center with high-visibility access off Georgetown Bypass and US 25.

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Multi-Tenant Retail Center with Drive-Through
Multi-Tenant Retail Center with Drive-Through

107 Canewood Center Dr, Georgetown, KY 40324

$32 SF/Yr

B-2 retail center offers divisible suites, a patio end-cap, and adjacency to schools and a Publix-anchored development.

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Restaurant Endcap with Patio
Restaurant Endcap with Patio

112 Lucille Dr, Lexington, KY 40511

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3,200 sqft

Second-generation sublease space in a multi-tenant retail building with outdoor seating and established co-tenancy.

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Proposed Retail Shopping Center
Proposed Retail Shopping Center

2425 Mulundy Way, Lexington, KY 40514

$1.00 SF/Yr

Two planned buildings offer flexible retail layouts within the Oakdale Development.

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Similar Spaces for Sale in Frankfort, KY

Consider Similar Space for Sale. We found 1 Spaces matching your search parameters.

Retail Opportunities in Frankfort Corridor
Retail Opportunities in Frankfort Corridor

1122-1130 US Hwy 127 S, Frankfort, KY 40601

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Retail spaces available in Frankfort's busiest retail corridor.

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Frankfort, KY Shopping centers Lease Rates & Market Statistics

Explore 5 Shopping centers for lease in Frankfort, KY on Realmo, a commercial real estate exchange covering the Frankfort area. The current inventory totals 133,789 square feet of properties.

Shopping centers lease rates in Frankfort range from $10 SF/Yr at the entry level to $22 SF/Yr at the top of the market, averaging $16 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $16 SF/Yr is 18% below the Kentucky state average of $19.44 SF/Yr.

Frankfort accounts for 100% of the 5 shopping centers currently available across Franklin County. Shopping centers make up 33% of the 15 Retail properties & Spaces currently for lease in Frankfort, with asking rates averaging $16 SF/Yr — 23% above the citywide Retail properties & Spaces average of $12.98 SF/Yr. Also worth a look for tenants weighing alternatives: Storefront properties (5 listings) elsewhere in the Frankfort market.

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