1 Martin Luther King Drive, Frankfort, KY 40601
$750,000
Property Type:
Land
Lot Size (sq. ft.):
1,845,203
Status:
Closed
Current Price:
$750,000
List Date:
3/21/2019
Last Modified:
9/03/2025
Overview
Description
Listing Details MLS# 1905478
Listing Information
- Property Sub Type
- Unimproved Land
Status Change Information
- Price Change Timestamp
- 2020-11-19T16:31:02Z
- Status Change Timestamp
- 2020-11-19
- Purchase Contract Date
- 2020-11-17
- Close Date
- 2020-11-18
- Close Price
- 750000
- Buyer Financing
- Cash
- Sale Type
- Arms Length Sale
- Concessions Comments
- No
Address
- County
- Franklin
- Street Number
- Yes
- Street Name
- Martin Luther King
- Street Suffix
- Drive
- State
- KY
- Zip Code
- 40601
- Directions
- East Main St to Martin Luther King, property is located on the right
- Parcel Number
- 075-00-00-004.04
Contract
- Original List Price
- 1250000
- Start Showing Date
- 2019-03-19
- Listing Contract Date
- 2019-03-19
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- List Price/Acre
- 29508.97
- List Price/SqFt
- 0.68
- Sold Price/Acre
- 17705.38
- Sold Price/SqFt
- 0.41
- SP/LP
- 0.6
Tax Legal
- MLS Area Major
- 014 - Franklin County
- Subdivision Name
- Annex
Lot
- Lot Size Acres
- 42.36
- Lot Size Square Feet
- 1845203.29
- Conservation Easement YN
- No
More Information
Remarks
- Public Remarks
- Located on the East West Connector in Frankfort. This property sits on the corner of two four lane roads and has strong commercial properties on two sides and Kentucky State University's entrance approximately 1/4 mile away. Frankfort's newest commercial park and occupants include, Kentucky State Crime Lab, Commonwealth Credit Union, Social Security Administration, Cabinet for Health and Human Services, and more. Highest and best use is much needed P3 student housing for KSU. Sellers are willing to trade property and/or owner finance. Sellers are also willing to build to suit. Agent owned.
Utilities
- Electricity Available
- Yes
- Water Available
- Yes
Current Use
- Other
- Yes
Possible Use
- Residential
- Yes
Showing Requirements
- Showing Service
- Yes
Property Features
Utilities:
Electricity Available; Water Available; Electricity Available; Water Available
Current Use:
Other
Possible Use:
Residential
Showing Requirements:
Showing Service
Listing Office:
Marshall Lane Real Estate
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.