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Improved Commercial Land for Sale in Frankfort, Kentucky

205 Locust Dr, Frankfort, KY 40601

$730,000
1.67 acres
Active
ago
Est $4,063/mo

Outstanding investment opportunity in Frankfort, Kentucky! This 9,750 SF flex building sits on 1.5 acres of General Commercial-zoned land, conveniently located just off Versailles Road (US 60) behind Gary Yeoman's Ford. The property consists of five (5) individual units at approximately 1,850 SF each, ideal for light industrial, service, or small-business tenants. The building is 100% occupied with month-to-month tenants, providing stable income and immediate upside potential through rent adjustments or new leasing strategies. A 500 SF garage bay is currently vacant, offering flexibility for owner use or additional rental income. The site provides ample parking, easy access to major highways, and a functional flex layout suitable for contractors, distributors, or service companies. This is a great opportunity for an investor or owner-user to acquire a well-located commercial asset with value-add potential in one of Frankfort's most accessible commercial corridors.Property Description Outstanding investment opportunity in Frankfort, Kentucky! This 9,750 SF flex building sits on 1.5 acres of General Commercial-zoned land, conveniently located just off Versailles Road (US 60) behind Gary Yeoman's Ford. The property consists of five (5) individual units at approximately 1,850 SF each, ideal for light industrial, service, or small-business tenants. The building is 100% occupied with month-to-month tenants, providing stable income and immediate upside potential through rent adjustments or new leasing strategies. A 500 SF garage bay is currently vacant, offering flexibility for owner use or additional rental income. The site provides ample parking, easy access to major highways, and a functional flex layout suitable for contractors, distributors, or service companies. This is a great opportunity for an investor or owner-user to acquire a well-located commercial asset with value-add potential in one of Frankfort's most accessible commercial corridors.

9,750
Sq feet
1988
Built

Location

Street address
205 Locust Dr
Elevation
811 feet
Coordinates
38.1861, -84.8156

Directions

Located just off of Lexington Road behind Gary Yeomans Ford

Property details

Acreage
1.67 acres
MLS #
LBAR 25504454
Posted

Parcels

  • 086-30-09-004.02

Details and features

Listing

Type
Commercial Sale
Zoning
Commercial General CG

Structure

Stories
1
Sewer
Septic Tank

Listing history

DateEventPriceChangeSource
Jan 14, 2026New listing$730,000LBAR
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This 1.67-acre property is located at 205 Locust Dr in Frankfort, KY 40601. The property is available for sale for $730,000. It has a 9,750 sq ft structure built in 1988.

Checked 7 hours ago — Updated

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