Investment Opportunity

1070 Versailles Road Frankfort, KY 40601

1070 Versailles Road, Frankfort, KY, 40601
1070 Versailles Road, Frankfort, KY, 40601 1070 Versailles Road, Frankfort, KY, 40601 1070 Versailles Road, Frankfort, KY, 40601
FOR SALE
Property Type:
Free Standing Building
Amount:
$4,950,000
Last Verified:
Jul 11, 2024

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Highlights

  • +/-23,987 SF building situated on +/-5.932 AC
  • Currently a Ford dealership that can be repositioned into another car dealership or redevelopment after November 2026
  • Existing Tenant: Frankfort Ford (TT of F. Frankfort, Inc.)
  • Current Lease Expiration: 11/2026
  • Annual Rent: $300,000/year on absolute net basis (no Landlord repair and maintenance responsibilities)
  • Daily Traffic count of +/-27,413 VPD on Versailles Road
  • Zoned CH, Commercial Highway

Description

NAI Isaac is pleased to present a prime investment opportunity on Versailles Road in Frankfort.

Located in Frankfort on Versailles Road near US Highway 421 on the east-side of Frankfort. The property is located in close proximity to an abundance of retail including banks, gas stations, restaurants, grocery stores, etc. and I-64, providing great amenities for employees.

Building Size: 23987sq ft
Lot Size: 5.93 acres


Documents

1070 Versailles Rd, Frankfort

Map of 1070 Versailles Road, Frankfort, KY, 40601

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.