229-232 W Main Street, Frankfort, KY 40601

$2,550,000

Property Type: Commercial Sale Square Footage: 25,000 Lot Size (sq. ft.): 5,250 Status: Closed

Current Price: $2,550,000 List Date: 9/18/2023 Last Modified: 9/03/2025

Overview

Description

Fully occupied, modernized building in downtown Frankfort. Many long term tenants with management in place. 2 elevators. Former bourbon rick house, with high ceilings and exposed brick. Many long term tenants.

Listing Details MLS# 23018057

Listing Information

Comp Sale YN: No
Property Sub Type: Office

Status Change Information

Price Change Timestamp: 2024-02-05T13:45:54Z
Status Change Timestamp: 2024-07-10
Purchase Contract Date: 2024-04-23
Close Date: 2024-07-10
Close Price: 2550000
Buyer Financing: Conventional
Sale Type: Arms Length Sale

Address

County: Franklin
Street Number: 229-232
Street Direction Prefix: W
Street Name: Main
Street Suffix: Street
State: KY
Zip Code: 40601
Parcel Number: 061-24-14-014.00

Contract

Original List Price: 3300000
Start Showing Date: 2023-09-18
Listing Contract Date: 2023-09-18
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Office Exclusive YN: No
List Price/SqFt: 118
Sold Price/SqFt: 102
SP/LP: 0.86

Tax Legal

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

Interior

Building Area Total: 25000

More Information

Building

Basement YN: Yes
Year Built: 1868
Stories Total: 4
Accessibility Features YN: Yes

Lot

Lot Size Acres: 0.121
Lot Size Square Feet: 5250

Remarks

Public Remarks: Fully occupied, modernized building in downtown Frankfort. Many long term tenants with management in place. 2 elevators. Former bourbon rick house, with high ceilings and exposed brick. Many long term tenants.

Showing Information

Showing Instructions: Showing time. Building is fully occupied so please give ample time.

Tax & Legal

Zoning Description: CBD
Directions: Building between Lewis and St. Claire street

Association/Community

Number Of Buildings: 1

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Available: Yes
Sewer Connected: Yes
Water Connected: Yes

Construction Materials

Brick: Yes
Glass: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Off Site: Yes

Possession

Close Of Escrow: Yes

Roof

Membrane: Yes

Security Features

Fire Sprinkler System: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Water Heater

Water Heater: Yes

Building Features

Elevator(s): Yes
Partially Carpeted: Yes
Wood Flooring: Yes

Business Type

Professional/Office: Yes

Ceiling

Dropped: Yes
Open: Yes

Docks

None: Yes

Existing Lease Type

Other: Yes

Sale Includes

Building(s): Yes
Leases: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Building Features: Elevator(s); Partially Carpeted; Wood Flooring Business Type: Professional/Office Ceiling: Dropped; Open Construction Materials: Brick; Glass Docks: None Existing Lease Type: Other Listing Terms: Cash; Conventional Parking Features: Off Site Possession: Close Of Escrow Roof: Membrane Sale Includes: Building(s); Leases Security Features: Fire Sprinkler System Sewer: Public Sewer Special Listing Conditions: Standard Water Heater: Water Heater

Listing Office: Bluegrass Sotheby's International Realty

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.