735 Schenkel Lane, Frankfort, KY 40601

$1,050,000
Property Type: Commercial Sale Square Footage: 13,000 Lot Size (sq. ft.): 132,422 Status: Closed
Current Price: $1,050,000 List Date: 7/11/2022 Last Modified: 9/03/2025

Overview

Description

Building located on 3.24 +/- Acres right off of US 421. 3000 Sqft of office space 10,750 if shop/warehouse. New metal roof in 2020. Office remodel in 2019 with new AC units and new mechanical. Current rental income that brings in 7700 a month. Equipment rental business would be great for a car lot/ distillery/ micro brewery or retail sales. Owner Occupying building will lease back - 18 month lease left on lot partial trades considered.

Listing Details MLS# 22015086

Listing Information

Comp Sale YN
No
Property Sub Type
Business

Status Change Information

Status Change Timestamp
2023-03-17
Purchase Contract Date
2022-10-31
Close Date
2023-03-16
Close Price
1050000
Buyer Financing
Cash

Address

County
Franklin
Street Number
735
Street Name
Schenkel
Street Suffix
Lane
State
KY
Zip Code
40601
Parcel Number
074-00-00-009.00

Contract

Original List Price
1400000
Start Showing Date
2022-07-11
Listing Contract Date
2022-07-11
Listing Agreement
Exclusive Right To Sell
Occupant Type
Occupied
Office Exclusive YN
No
List Price/SqFt
107.69
Sold Price/SqFt
80.77
SP/LP
0.75

Tax Legal

MLS Area Major
014 - Franklin County
Subdivision Name
Commercial

Interior

Living Area
13000
Building Area Total
13000

More Information

Building

Year Built
9999
Stories Total
Yes
Accessibility Features YN
Yes

Lot

Lot Size Acres
3.04
Lot Size Square Feet
132422
Lot Size Dimensions
352 x ?
Road Frontage Feet
447

Remarks

Public Remarks
Building located on 3.24 +/- Acres right off of US 421. 3000 Sqft of office space 10,750 if shop/warehouse. New metal roof in 2020. Office remodel in 2019 with new AC units and new mechanical. Current rental income that brings in 7700 a month. Equipment rental business would be great for a car lot/ distillery/ micro brewery or retail sales. Owner Occupying building will lease back - 18 month lease left on lot partial trades considered.

Building and Property Details

# of Men's Restrooms
2
# of Women's Restrooms
Yes
Retail SqFt
3000

Tax & Legal

Tax Rate
13.945
Zoning Description
Commercial
Directions
US 421 to 735 Schenkel lane.

Association/Community

Number Of Buildings
2

Utilities

Phone Available
Yes

Construction Materials

Block
Yes
Glass
Yes
Steel Frame
Yes

Parking Features

Paved
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Roof

Metal
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

Standard
Yes

Water Heater

Water Heater
Yes

Building Features

Concrete Floor
Yes
Tile/Brick Floor
Yes

Business Type

Commercial
Yes
Warehouse
Yes
Other
Yes

Ceiling

Dropped
Yes
Open
Yes

Sale Includes

Building(s)
Yes
Land
Yes
Leases
Yes

Property Features

Utilities: Phone Available; Phone Available Building Features: Concrete Floor; Tile/Brick Floor Business Type: Commercial; Warehouse; Other Ceiling: Dropped; Open Construction Materials: Block; Glass; Steel Frame Parking Features: Paved Possession: Close Of Escrow; Negotiable Roof: Metal Sale Includes: Building(s); Land; Leases Sewer: Public Sewer Special Listing Conditions: Standard Water Heater: Water Heater
Listing Office: CENTURY 21 Commonwealth R E
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.