607 Louisville Road,Frankfort, KY 40601
Frankfort, KY 40601
Description
An exceptional opportunity to own a highly visible property along Louisville Road (US-60) featuring an existing income-producing duplex situated on approximately 1.8 acres of Planned Commercial (PC) zoned land. Whether you're looking for a long-term investment, redevelopment opportunity, or commercial site with interim rental income, this property offers outstanding flexibility in one of Frankfort's most strategically located corridors. A recent MAI commercial appraisal concluded an "As-Is" Market Value of $290,000, recognizing the property's long-term redevelopment potential while noting the existing improvements serve as an interim use. This is far more than a traditional duplex - it's an opportunity to secure a strategic corridor property with immediate utility and long-term potential! Highlights include: Existing duplex providing immediate income potential | Approximately 1.8 acres with strong frontage and visibility | Planned Commercial (PC) zoning supporting a variety of future commercial uses (subject to local approvals) | Convenient access to Downtown Frankfort, the Kentucky Capitol Complex, medical offices, and major employment centers | Adjacent to Frankfort Plant Board utility infrastructure and located near established professional and institutional uses | Ideal for: Commercial developers, Medical or professional office users, Investors seeking land appreciation, Mixed-use or commercial redevelopment opportunities, Buy-and-hold investors looking for future upside. Schedule your private showing today to explore the possibilities at 607-609 Louisville Road!
Details
| MLS # | 26017352 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 59 |
| Listing Provided By | Keller Williams Bluegrass Realty | Scott C Fryar |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,780 |
| Units | 2 |
| Building(s) | 1 |
| Zoning | C |
| Acreage | 1.81 |
Interior
| Cooling | Multi Units, Window Unit(s) |
|---|---|
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Gravel, On Site |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Propane Connected, Sewer Connected, Water Connected |
|---|
Area Information
| State | KY |
|---|---|
| County | Franklin |
| City | Frankfort |
| Zip Code | 40601 |
| Area | 014 Franklin County |
| Subarea | Franklin County |
| School District | Franklin County |
| Elementary School | Collins Lane |
| High School | Western Hills |
| Listing VS Median (in 40601) | |
Price: $290,000 low | high Med: $323,450 sqft: 1,780 low | high Med: 2,377 $ / sqft: $163 low | high Med: $137 On site: 59 low | high Med: 82 | |
Market Activity 40601
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Learn More About This Property
| State | KY |
|---|---|
| County | Franklin |
| City | Frankfort |
| Zip Code | 40601 |
| Area | 014 Franklin County |
| Subarea | Franklin County |
| School District | Franklin County |
| Elementary School | Collins Lane |
| High School | Western Hills |
| Listing VS Median (in 40601) | |
Price: $290,000 low | high Med: $323,450 sqft: 1,780 low | high Med: 2,377 $ / sqft: $163 low | high Med: $137 On site: 59 low | high Med: 82 | |