735 Schenkel Lane, Frankfort, KY 40601 (MLS# 22015086)

735 Schenkel Lane, Frankfort, KY 40601

$1,050,000

Property Type: Commercial Sale Square Footage: 13,000 Lot Size (sq. ft.): 132,422 Status: Closed

Current Price: $1,050,000 List Date: 7/11/2022 Last Modified: 9/03/2025

Overview

Description

Building located on 3.24 +/- Acres right off of US 421. 3000 Sqft of office space 10,750 if shop/warehouse. New metal roof in 2020. Office remodel in 2019 with new AC units and new mechanical. Current rental income that brings in 7700 a month. Equipment rental business would be great for a car lot/ distillery/ micro brewery or retail sales. Owner Occupying building will lease back - 18 month lease left on lot partial trades considered.

Listing Details MLS# 22015086

Listing Information

Comp Sale YN: No
Property Sub Type: Business

Status Change Information

Status Change Timestamp: 2023-03-17
Purchase Contract Date: 2022-10-31
Close Date: 2023-03-16
Close Price: 1050000
Buyer Financing: Cash

Address

County: Franklin
Street Number: 735
Street Name: Schenkel
Street Suffix: Lane
State: KY
Zip Code: 40601
Parcel Number: 074-00-00-009.00

Contract

Original List Price: 1400000
Start Showing Date: 2022-07-11
Listing Contract Date: 2022-07-11
Listing Agreement: Exclusive Right To Sell
Occupant Type: Occupied
Office Exclusive YN: No
List Price/SqFt: 107.69
Sold Price/SqFt: 80.77
SP/LP: 0.75

Tax Legal

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

Interior

Living Area: 13000
Building Area Total: 13000

More Information

Building

Year Built: 9999
Stories Total: Yes
Accessibility Features YN: Yes

Lot

Lot Size Acres: 3.04
Lot Size Square Feet: 132422
Lot Size Dimensions: 352 x ?
Road Frontage Feet: 447

Remarks

Public Remarks: Building located on 3.24 +/- Acres right off of US 421. 3000 Sqft of office space 10,750 if shop/warehouse. New metal roof in 2020. Office remodel in 2019 with new AC units and new mechanical. Current rental income that brings in 7700 a month. Equipment rental business would be great for a car lot/ distillery/ micro brewery or retail sales. Owner Occupying building will lease back - 18 month lease left on lot partial trades considered.

Building and Property Details

# of Men's Restrooms: 2
# of Women's Restrooms: Yes
Retail SqFt: 3000

Tax & Legal

Tax Rate: 13.945
Zoning Description: Commercial
Directions: US 421 to 735 Schenkel lane.

Association/Community

Number Of Buildings: 2

Utilities

Phone Available: Yes

Construction Materials

Block: Yes
Glass: Yes
Steel Frame: Yes

Parking Features

Paved: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Roof

Metal: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Water Heater

Water Heater: Yes

Building Features

Concrete Floor: Yes
Tile/Brick Floor: Yes

Business Type

Commercial: Yes
Warehouse: Yes
Other: Yes

Ceiling

Dropped: Yes
Open: Yes

Sale Includes

Building(s): Yes
Land: Yes
Leases: Yes

Property Features

Utilities: Phone Available; Phone Available Building Features: Concrete Floor; Tile/Brick Floor Business Type: Commercial; Warehouse; Other Ceiling: Dropped; Open Construction Materials: Block; Glass; Steel Frame Parking Features: Paved Possession: Close Of Escrow; Negotiable Roof: Metal Sale Includes: Building(s); Land; Leases Sewer: Public Sewer Special Listing Conditions: Standard Water Heater: Water Heater

Listing Office: CENTURY 21 Commonwealth R E

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.