Retail Development Opportunity

930 Louisville Road Frankfort, KY 40601

930 Louisville Road, Frankfort, KY, 40601
930 Louisville Road, Frankfort, KY, 40601
FOR SALE
Property Type:
Other Land
Amount:
$350,000
Last Verified:
Apr 08, 2021

Highlights

  • 1 AC for sale or build-to-suit
  • New retail strip center under construction in this development
  • Lot 1: 1 AC at $350,000
  • +/-.86 mile to the Kentucky State Capital and downtown Frankfort
  • Excellent visibility and access at a signalized intersection on Louisville Road
  • Multiple existing curb cuts and +/-255' of frontage on Louisville Road
  • Less than 2 miles to I-64
  • High traffic area near the intersection of US 127 & US 60 in Frankfort's major retail corridor
  • Frankfort, the Capital of the Commonwealth, is bisected by the Kentucky River and is the midway point between Kentucky' s two largest markets of Lexington and Louisville
  • Frankfort is 29 miles west of Lexington, 54 miles east of Louisville and 107 miles southwest of Cincinnati
  • Frankfort is home to Kentucky State University, a four year liberal arts college, with an enrollment of 2,400 students
  • The city of Frankfort has grown steadily, relying on state government, manufacturing and spirits distilling to provide a strong employment base
  • Juniper Hills Golf Course backs up to the property, presenting beautiful rolling hills and manicured fairways, making it an ideal location for a restaurant with patio
  • Traffic count of +/-12,230 VPD ('18) in front of the site
  • Zoned CH, Highway Commercial District

Description

NAI Isaac is pleased to present +/-1 acre in Frankfort, Kentucky for sale or build-to-suit. Excellent visibility and access from Louisville Road. Juniper Hills Golf Course and Aquatic Center backs up to the property, presenting beautiful rolling hills and manicured fairways, making it an ideal location for a restaurant with patio. The average daily traffic count on Louisville Road in front of the site is +/-12,230 ('18) VPD.

Located approximately 1.5 miles off of I-64 at Exit 53B in Frankfort, KY. The property is situated in a high traffic area near the intersection of US 127 & US 60 in Frankfort's major retail corridor. Frankfort, the Capital of the Commonwealth, is bisected by the Kentucky River and is the midway point between Kentucky' s two largest markets of Lexington and Louisville. Frankfort is 29 miles west of Lexington, 54 miles east of Louisville and 107 miles southwest of Cincinnati.

Frankfort is home to Kentucky State University, a four year liberal arts college, with an enrollment of 2,400 students. The city of Frankfort has grown steadily, relying on state government, manufacturing and spirits distilling to provide a strong employment base.

Lot Size: 1.0 acres

Map of 930 Louisville Road, Frankfort, KY, 40601

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.