202 204 206 West Broadway, Frankfort, KY 40601

$875,000
Property Type: Commercial Sale Status: Closed
Current Price: $875,000 List Date: 7/08/2023 Last Modified: 9/03/2025

Overview

Description

Now is the perfect opportunity to own property in historic Frankfort's bourbon district. These two large buildings and adjacent parking lot offer endless possibilities. The idyllic Frankfort location was home to the loved and successful Gibbys for 20 plus years. What remains is everything one needs for a seamless transition into your very own dream. Home to the historic state capitol buildings, just steps from the area locals refer to as the mall, and right on the Bourbon Trail, this location is a recipe for success. Seller is offering 2 buildings, a large restaurant with a list of items included, and a spacious apartment above(currently under renovation) The connecting building can be added square footage to your restaurant or an entirely separate event space. Above is home to 2 income generating Airbnbs! Seller has made extensive upgrades including, gas(1,000,000. BTU,s) 3 phase electric, AC units and fire protection. There was great foresight taken for future possibilities, roughed ...

Listing Details MLS# 23012861

Listing Information

Comp Sale YN
No
Property Sub Type
Office

Status Change Information

Status Change Timestamp
2023-11-09
Purchase Contract Date
2023-08-31
Close Date
2023-11-08
Close Price
875000
Buyer Financing
Conventional
Sale Type
Arms Length Sale

Address

County
Franklin
Street Number
202
Street Name
204 206 West Broadway
State
KY
Zip Code
40601
Parcel Number
061-42-03-009.00

Contract

Original List Price
899000
Start Showing Date
2023-07-08
Listing Contract Date
2023-07-07
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant
Office Exclusive YN
No
SP/LP
0.97

Tax Legal

MLS Area Major
014 - Franklin County
Subdivision Name
Downtown

Parking Information

Parking Total
20

More Information

Building

Year Built
9999
Stories Total
2

Utilities

Cooling YN
Yes

Remarks

Public Remarks
Now is the perfect opportunity to own property in historic Frankfort's bourbon district. These two large buildings and adjacent parking lot offer endless possibilities. The idyllic Frankfort location was home to the loved and successful Gibbys for 20 plus years. What remains is everything one needs for a seamless transition into your very own dream. Home to the historic state capitol buildings, just steps from the area locals refer to as the mall, and right on the Bourbon Trail, this location is a recipe for success. Seller is offering 2 buildings, a large restaurant with a list of items included, and a spacious apartment above(currently under renovation) The connecting building can be added square footage to your restaurant or an entirely separate event space. Above is home to 2 income generating Airbnbs! Seller has made extensive upgrades including, gas(1,000,000. BTU,s) 3 phase electric, AC units and fire protection. There was great foresight taken for future possibilities, roughed in for a bar and a walk in cooler. Call or text for a private showing. Directions Downtown Frankfort near old Capital building

Tax & Legal

Tax Rate
12.0684
Zoning Description
commercial
Directions
Agent and owner must be present

Lot

Lot Size Acres
0
Lot Size Square Feet
0

Construction Materials

Brick
Yes
Concrete
Yes
Stone
Yes

Possession

Close Of Escrow
Yes

Roof

Flat
Yes
Membrane
Yes
Rubber
Yes

Sewer

Public Sewer
Yes

Water Heater

Water Heater
Yes

Building Features

Concrete Floor
Yes
Tile/Brick Floor
Yes
Wood Flooring
Yes

Business Type

Professional/Office
Yes
Restaurant
Yes
Retail
Yes

Ceiling

Dropped
Yes
Open
Yes

Electric

100 Amp Service
Yes
200+ Amp Service
Yes
3 Phase
Yes

Property Features

Building Features: Concrete Floor; Tile/Brick Floor; Wood Flooring Business Type: Professional/Office; Restaurant; Retail Ceiling: Dropped; Open Construction Materials: Brick; Concrete; Stone Electric: 100 Amp Service; 200+ Amp Service; 3 Phase Possession: Close Of Escrow Roof: Flat; Membrane; Rubber Sewer: Public Sewer Water Heater: Water Heater
Listing Office: National Real Estate
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.