227-229 W Broadway Street, Frankfort, KY 40601

$695,000
Property Type: Commercial Sale Square Footage: 4,900 Status: Active
Current Price: $695,000 List Date: 10/06/2025 Last Modified: 10/06/2025

Overview

Description

This commercial property offers a promising investment opportunity, with its combination of steady rental income brining in $51,300 annually, modern amenities, private parking and strategic downtown location. Whether you are an experienced investor or new to commercial real estate, this building provides a solid foundation for your portfolio. Don't miss out on the chance to own a piece of prime real estate in a thriving area.

Listing Details MLS# 25002546

Listing Information

Comp Sale YN
No

Status Change Information

Status Change Timestamp
2025-10-06
Back on Market Date
2025-10-06

Address

County
Franklin
Street Number
227-229
Street Direction Prefix
W
Street Name
Broadway
Street Suffix
Street
State
KY
Zip Code
40601
Parcel Number
061-24-13-008.00

Contract

Original List Price
695000
Start Showing Date
2025-02-12
Listing Contract Date
2025-02-12
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/SqFt
141.84

Tax Legal

MLS Area Major
014 - Franklin County
Subdivision Name
Downtown

Interior

Living Area
4900
Building Area Total
4900

More Information

Parking Information

Parking Total
5

Building

Basement YN
Yes
Year Built
9999
Stories Total
2

Utilities

Cooling YN
Yes
Phone Available
Yes
Other
Yes

Remarks

Public Remarks
This commercial property offers a promising investment opportunity, with its combination of steady rental income brining in $51,300 annually, modern amenities, private parking and strategic downtown location. Whether you are an experienced investor or new to commercial real estate, this building provides a solid foundation for your portfolio. Don't miss out on the chance to own a piece of prime real estate in a thriving area.

Income and Expenses

Total Actual Rent
51300

Tax & Legal

Tax Rate
17.38
Zoning Description
Commercial
Directions
Located on the corner of Broadway and Lewis Street.

Association/Community

Number Of Buildings
1

Lot

Lot Size Acres
0
Lot Size Square Feet
0

Construction Materials

Block
Yes
Brick
Yes

Parking Features

On Site
Yes
Paved
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Water Heater

Water Heater
Yes

Business Type

Other
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Property Features

Utilities: Phone Available; Other; Phone Available; Other Business Type: Other Construction Materials: Block; Brick Parking Features: On Site; Paved Possession: Close Of Escrow Sewer: Public Sewer Tenant Pays: Electricity; Gas; Sewer; Trash Collection; Water Water Heater: Water Heater
Listing Office: CENTURY 21 Commonwealth R E
Last Updated: October - 06 - 2025
Information deemed reliable but not guaranteed.