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4 Physicians Park 8,120 SF Health Care Building Offered at $890,000 in Frankfort, KY 40601



Executive Summary
Located at 4 Physicians Park Drive in Frankfort, Kentucky, this medical office building offers 8,039 square feet of functional space on a 1.05-acre lot. Constructed in 1987, the two-level, free-standing brick facility is positioned within the Diagnostic Office Park, directly adjacent to Frankfort Regional Medical Center. Zoned for professional office use, the property includes ample on-site parking with 104 spaces and is designed to accommodate either a single user or two separate tenants, with each suite featuring its own private entrance.
The main level comprises approximately 4,008 square feet and includes 13 exam rooms with sinks, 10 offices, two waiting areas, three restrooms, and a dedicated storage area. The lower level, offering an additional 4,031 square feet, includes seven exam rooms, two offices, a small conference room, kitchen/break room, three bathrooms, and a large storage area, including a 431-square-foot unfinished section formerly used for medical records.
With its strategic location next to Frankfort Regional Medical Center, generous parking capacity, and flexible layout for multi-tenant use, this property is ideal for healthcare providers or investors seeking a well-equipped facility in a highly visible and established medical corridor. It also presents an excellent opportunity for an owner/occupant looking to control their own space and invest in their own real estate.
The main level comprises approximately 4,008 square feet and includes 13 exam rooms with sinks, 10 offices, two waiting areas, three restrooms, and a dedicated storage area. The lower level, offering an additional 4,031 square feet, includes seven exam rooms, two offices, a small conference room, kitchen/break room, three bathrooms, and a large storage area, including a 431-square-foot unfinished section formerly used for medical records.
With its strategic location next to Frankfort Regional Medical Center, generous parking capacity, and flexible layout for multi-tenant use, this property is ideal for healthcare providers or investors seeking a well-equipped facility in a highly visible and established medical corridor. It also presents an excellent opportunity for an owner/occupant looking to control their own space and invest in their own real estate.
Property Facts
| Price | $890,000 | Building Size | 8,120 SF |
| Price Per Bed | $890,000 | No. Beds | 1 |
| Sale Type | Owner User | No. Stories | 2 |
| Property Type | Health Care | Year Built/Renovated | 1970/2023 |
| Lot Size | 1.05 AC | Parking Ratio | 12.81/1,000 SF |
| Zoning | PO - Professional Office | ||
| Price | $890,000 |
| Price Per Bed | $890,000 |
| Sale Type | Owner User |
| Property Type | Health Care |
| Lot Size | 1.05 AC |
| Building Size | 8,120 SF |
| No. Beds | 1 |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2023 |
| Parking Ratio | 12.81/1,000 SF |
| Zoning | PO - Professional Office |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 050-00-00-074.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $740,000 |
Property Taxes
Parcel Number
050-00-00-074.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$740,000
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