120 Corporate Drive, Frankfort, KY 40601

$1,750,000
Property Type: Commercial Sale Square Footage: 24,500 Lot Size (sq. ft.): 125,453 Status: Closed
Current Price: $1,750,000 List Date: 8/30/2022 Last Modified: 1/12/2026

Overview

Description

24,500 SF industrial property on 2.88 acres located 1 mile from I-64 in Frankfort, KY. These two connected buildings are both clear span, temperature controlled, and could be divisible for multiple tenants. The front warehouse was built in 2004 and is approximately 12,200 SF with 1,500 SF office, 10,700 SF warehouse, 17'8' clear height, LED lighting, 3 docks, 2 restrooms, mezzanine storage, and 800 amp 3-phase electric. The rear building was constructed in 2010 and is approximately 12,000 SF of warehouse, 17'1' clear height, 1 dock, 2 restrooms, and 800 amp 3-phase. The corridor connecting the two buildings has a roll-up door allowing the space to separated if needed. Potential sale-leaseback until Q2/Q3 2023 when owner's new building is complete. Additional 9.3 acres of industrial land available across the street at 104 Fortune Drive. Priced at $50,000/acre in a market with very limited supply of industrial land, this site can be purchased with the warehouse or separately.

Listing Details MLS# 22019388

Listing Information

Comp Sale YN
No
Property Sub Type
Industrial

Status Change Information

Price Change Timestamp
2023-04-12T20:40:58Z
Status Change Timestamp
2023-06-04
Purchase Contract Date
2023-04-18
Close Date
2023-06-01
Close Price
1750000
Buyer Financing
Conventional
Sale Type
Arms Length Sale

Address

County
Franklin
Street Number
120
Street Name
Corporate
Street Suffix
Drive
State
KY
Zip Code
40601
Parcel Number
087-00-00-035.05

Contract

Original List Price
2000000
Start Showing Date
2022-08-30
Listing Contract Date
2022-08-30
Listing Agreement
Exclusive Right To Sell
Occupant Type
Occupied
Office Exclusive YN
No
SP/LP
0.97

Tax Legal

MLS Area Major
014 - Franklin County
Subdivision Name
Commercial

Interior

Living Area
24500

More Information

Building

Year Built
2004

Lot

Lot Size Acres
2.88
Lot Size Square Feet
125453

Remarks

Public Remarks
24,500 SF industrial property on 2.88 acres located 1 mile from I-64 in Frankfort, KY. These two connected buildings are both clear span, temperature controlled, and could be divisible for multiple tenants. The front warehouse was built in 2004 and is approximately 12,200 SF with 1,500 SF office, 10,700 SF warehouse, 17'8' clear height, LED lighting, 3 docks, 2 restrooms, mezzanine storage, and 800 amp 3-phase electric. The rear building was constructed in 2010 and is approximately 12,000 SF of warehouse, 17'1' clear height, 1 dock, 2 restrooms, and 800 amp 3-phase. The corridor connecting the two buildings has a roll-up door allowing the space to separated if needed. Potential sale-leaseback until Q2/Q3 2023 when owner's new building is complete. Additional 9.3 acres of industrial land available across the street at 104 Fortune Drive. Priced at $50,000/acre in a market with very limited supply of industrial land, this site can be purchased with the warehouse or separately.

Tax & Legal

Tax Rate
11.985
Zoning Description
IG
Directions
US 60 and I-64 to Duncan Rd to Corporate Dr

Association/Community

Number Of Buildings
2

Possession

Negotiable
Yes
Seller Rent Back
Yes

Business Type

Industrial
Yes
Warehouse
Yes

Property Features

Business Type: Industrial; Warehouse Possession: Negotiable; Seller Rent Back
Listing Office: The Gibson Company
Last Updated: January - 12 - 2026
Information deemed reliable but not guaranteed.
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