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101 St Clair St 9,118 SF 100% Leased Office Building Frankfort, KY 40601 $400,000 ($43.87/SF)
INVESTMENT HIGHLIGHTS
- Opportunity Zone
- Historical Tax Credits
EXECUTIVE SUMMARY
9,000 square feet in the heart of downtown Frankfort. Currently professional office space and needs an entire rehab. Opportunity Zone, Historical Tax Credits as a contributing structure, and possible environmental efficiency upgrade USDA tax credits available. Building was recently flooded on the first floor in a historic flood. First floor is gutted and ready for rehab. Owner has not done any of the work other than demo to allow for full value of dollar improvements by new owner. Owner could possibly owner finance a portion of purchase. Highest and best use as a mixed use building with majority of square footage to be rehabbed into residential would best fit this market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
9,118 SF
Building Class
C
Year Built
1900
Price
$400,000
Price Per SF
$43.87
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,500 SF
Building FAR
1.50
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
Commercial
AMENITIES
- 24 Hour Access
- Central Heating
- Air Conditioning
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 061-24-14-001.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $345,000 |
PROPERTY TAXES
Parcel Number
061-24-14-001.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$345,000
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Presented by
Marshall Lane Real Estate
101 St Clair St
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