229-232 W Main Street, Frankfort, KY 40601

$2,550,000
Property Type: Commercial Sale Square Footage: 25,000 Lot Size (sq. ft.): 5,250 Status: Closed
Current Price: $2,550,000 List Date: 9/18/2023 Last Modified: 9/03/2025

Overview

Description

Fully occupied, modernized building in downtown Frankfort. Many long term tenants with management in place. 2 elevators. Former bourbon rick house, with high ceilings and exposed brick. Many long term tenants.

Listing Details MLS# 23018057

Listing Information

Comp Sale YN
No
Property Sub Type
Office

Status Change Information

Price Change Timestamp
2024-02-05T13:45:54Z
Status Change Timestamp
2024-07-10
Purchase Contract Date
2024-04-23
Close Date
2024-07-10
Close Price
2550000
Buyer Financing
Conventional
Sale Type
Arms Length Sale

Address

County
Franklin
Street Number
229-232
Street Direction Prefix
W
Street Name
Main
Street Suffix
Street
State
KY
Zip Code
40601
Parcel Number
061-24-14-014.00

Contract

Original List Price
3300000
Start Showing Date
2023-09-18
Listing Contract Date
2023-09-18
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/SqFt
118
Sold Price/SqFt
102
SP/LP
0.86

Tax Legal

MLS Area Major
014 - Franklin County
Subdivision Name
Downtown

Interior

Building Area Total
25000

More Information

Building

Basement YN
Yes
Year Built
1868
Stories Total
4
Accessibility Features YN
Yes

Lot

Lot Size Acres
0.121
Lot Size Square Feet
5250

Remarks

Public Remarks
Fully occupied, modernized building in downtown Frankfort. Many long term tenants with management in place. 2 elevators. Former bourbon rick house, with high ceilings and exposed brick. Many long term tenants.

Showing Information

Showing Instructions
Showing time. Building is fully occupied so please give ample time.

Tax & Legal

Zoning Description
CBD
Directions
Building between Lewis and St. Claire street

Association/Community

Number Of Buildings
1

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Phone Available
Yes
Sewer Connected
Yes
Water Connected
Yes

Construction Materials

Brick
Yes
Glass
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Off Site
Yes

Possession

Close Of Escrow
Yes

Roof

Membrane
Yes

Security Features

Fire Sprinkler System
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

Standard
Yes

Water Heater

Water Heater
Yes

Building Features

Elevator(s)
Yes
Partially Carpeted
Yes
Wood Flooring
Yes

Business Type

Professional/Office
Yes

Ceiling

Dropped
Yes
Open
Yes

Docks

None
Yes

Existing Lease Type

Other
Yes

Sale Includes

Building(s)
Yes
Leases
Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Building Features: Elevator(s); Partially Carpeted; Wood Flooring Business Type: Professional/Office Ceiling: Dropped; Open Construction Materials: Brick; Glass Docks: None Existing Lease Type: Other Listing Terms: Cash; Conventional Parking Features: Off Site Possession: Close Of Escrow Roof: Membrane Sale Includes: Building(s); Leases Security Features: Fire Sprinkler System Sewer: Public Sewer Special Listing Conditions: Standard Water Heater: Water Heater
Listing Office: Bluegrass Sotheby's International Realty
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.