1 Martin Luther King Drive, Frankfort, KY 40601

$750,000

Property Type: Land Lot Size (sq. ft.): 1,845,203 Status: Closed

Current Price: $750,000 List Date: 12/30/2019 Last Modified: 9/03/2025

Overview

Description

Located on the East West Connector in Frankfort. This property sits on the corner of two four lane roads and has strong commercial properties on two sides and Kentucky State University's entrance approximately 1/4 mile away. Frankfort's newest commercial park and occupants include, Kentucky State Crime Lab, Commonwealth Credit Union, Social Security Administration, Cabinet for Health and Human Services, and more. Highest and best use is much needed P3 student housing for KSU. Sellers are willing to trade property and/or owner finance. Sellers are also willing to build to suit. Agent owned.

Listing Details MLS# 1928680

Listing Information

Property Sub Type: Unimproved Land

Status Change Information

Price Change Timestamp: 2020-11-20T13:58:38Z
Status Change Timestamp: 2020-11-20
Purchase Contract Date: 2020-11-17
Close Date: 2020-11-18
Close Price: 750000
Buyer Financing: Cash
Sale Type: Arms Length Sale
Concessions Comments: No

Address

County: Franklin
Street Number: Yes
Street Name: Martin Luther King
Street Suffix: Drive
State: KY
Zip Code: 40601
Directions: East Main St to Martin Luther King, property is located on the right
Parcel Number: 075-00-00-004.04

Contract

Original List Price: 1250000
Start Showing Date: 2019-12-30
Listing Contract Date: 2019-12-30
Listing Agreement: Exclusive Right To Sell
Office Exclusive YN: No
List Price/Acre: 26558.07
List Price/SqFt: 0.61
Sold Price/Acre: 17705.38
Sold Price/SqFt: 0.41
SP/LP: 0.67

Tax Legal

MLS Area Major: 014 - Franklin County
Subdivision Name: Annex

Lot

Lot Size Acres: 42.36
Lot Size Square Feet: 1845203.29

More Information

Remarks

Public Remarks: Located on the East West Connector in Frankfort. This property sits on the corner of two four lane roads and has strong commercial properties on two sides and Kentucky State University's entrance approximately 1/4 mile away. Frankfort's newest commercial park and occupants include, Kentucky State Crime Lab, Commonwealth Credit Union, Social Security Administration, Cabinet for Health and Human Services, and more. Highest and best use is much needed P3 student housing for KSU. Sellers are willing to trade property and/or owner finance. Sellers are also willing to build to suit. Agent owned.

Tax & Legal

Zoning Description: commercial and residential

Listing Office: Marshall Lane Real Estate

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.