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Outlots Available I-64 & U.S. 127 Hwy 1.24 - 50 Acres of Commercial Land for Lease in Frankfort, KY 40601

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HIGHLIGHTS

  • Retail Development opportunity.
  • Several development lot options available.
  • Highly desirable area.
  • Future Target anchor.

LOT AVAILABLE

Display Rental Rate as

Rental Rate
  • Upon Request
  • Upon Request
  • Upon Request
  • Upon Request
Lease Term 1 - 100 Years
Lot Size 1.24 - 50.00 AC

I-64 & U.S. 127 Hwy in Frankfort, Kentucky several development lots available for lease.

Available lot & ground lease rate:
Lot 2A - $135,000
Lot 4E - $160,000
Lot 4G - $125,000
Lot 11 - $135,000
Lot 15 - $100,000

PROPERTY OVERVIEW

Anchored by Target and BJ’s Wholesale Club, this newly development power regional retail center delivers exceptional visibility, access, and market draw. Positioned at one of the area’s most traveled intersections, the site offers immediate connectivity to both I-64 and US-127—capturing strong commuter flows and serving a wide regional trade area. This modern development is designed to accommodate top national retailers, restaurants, and service operators, featuring contemporary architecture, ample parking, and multiple access points optimized for high-volume customer traffic. Multiple lots are available for ground lease, offering retailers and developers the flexibility to customize building footprints and tailor spaces to their operational needs. With its powerhouse anchors, prime interstate positioning, and expanding surrounding demographics, this center is poised to become central Kentucky’s next dominant retail hub.

PROPERTY FACTS

Total Space Available 50.00 AC
Min. Divisible 1.24 AC
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Restaurant
  • Listing ID: 28778921

  • Date on Market: 11/24/2025

  • Last Updated:

  • Address: I-64 & U.S. 127 Hwy, Frankfort, KY 40601

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