119 Fortune Drive, Frankfort, KY 40601

$1,275,000
Property Type: Commercial Sale Square Footage: 21,400 Lot Size (sq. ft.): 134,165 Status: Closed
Current Price: $1,275,000 List Date: 10/20/2017 Last Modified: 1/12/2026

Overview

Description

Investment Property. New 5 year NN lease beginning 11/1/17 with NOI of $117,600. Priced at 8.4% CAP

Listing Details MLS# 1723536

Listing Information

Property Sub Type
Industrial

Status Change Information

Price Change Timestamp
2018-05-15T17:25:40Z
Status Change Timestamp
2018-05-15
Purchase Contract Date
2018-03-12
Close Date
2018-05-15
Close Price
1275000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
No

Address

County
Franklin
Street Number
119
Street Name
Fortune
Street Suffix
Drive
Street Suffix Modifier
B
State
KY
Zip Code
40601

Contract

Original List Price
1400000
Start Showing Date
2017-10-19
Listing Contract Date
2017-10-19
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
SP/LP
0.91

Tax Legal

MLS Area Major
014 - Franklin County
Subdivision Name
Commercial

Interior

Living Area
21400

More Information

Building

Year Built
2007

Lot

Lot Size Acres
3.08
Lot Size Square Feet
134164.92

Remarks

Public Remarks
Investment Property. New 5 year NN lease beginning 11/1/17 with NOI of $117,600. Priced at 8.4% CAP

Building and Property Details

# of Dock Doors
3
# of Drive-in Doors
2

Income and Expenses

Net Operating Income
117600

Tax & Legal

Zoning Description
I-1
Directions
US 60 from Lexington, to Frankfort. Turn left on Duncan Road, right on Corporate, left on Fortune. building on your left.

Special Listing Conditions

Standard
Yes

Business Type

Industrial
Yes

Sale Includes

Building(s)
Yes
Land
Yes
Leases
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
Insurance
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Property Features

Business Type: Industrial Sale Includes: Building(s); Land; Leases Special Listing Conditions: Standard Tenant Pays: Electricity; Gas; Insurance; Sewer; Taxes; Water
Listing Office: The Gibson Company
Last Updated: January - 12 - 2026
Information deemed reliable but not guaranteed.
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