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Redevelopment Opportunity 1070 Versailles Rd 23,987 SF Retail Building Frankfort, KY 40601 $4,750,000 ($198.02/SF)
INVESTMENT HIGHLIGHTS
- NEW PRICE - REDEVELOPMENT OPPORTUNITY
- Existing tenant Frankfort Ford lease expires November 2026
EXECUTIVE SUMMARY
NAI Isaac is pleased to present a prime investment opportunity on Versailles Road in Frankfort. Currently a Ford dealership that can be repositioned into another car dealership or redevelopment after November 2026. Current Lease Expiration: 11/2026. Annual Rent: $300,000/year on absolute net basis (no Landlord repair and maintenance responsibilities). An Average Daily Traffic count of +/-27,413 VPD on Versailles Road.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
23,987 SF
Building Class
C
Year Built
2000
Price
$4,750,000
Price Per SF
$198.02
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
5.93 AC
Zoning
CH - Commercial Highway
Parking
251 Spaces (10.46 Spaces per 1,000 SF Leased)
Frontage
594’ on Versailles Road
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 086-30-09-007.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,835,000 |
PROPERTY TAXES
Parcel Number
086-30-09-007.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,835,000
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Redevelopment Opportunity | 1070 Versailles Rd
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