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190 Democrat Drive - 190 Democrat Drive

5.1 Acres of Commercial Land Offered at $1,103,212 CAD in Frankfort, KY 40602

Investment Highlights

  • Prominent visibility from Interstate 64
  • Supportive surrounding demographics and development for multi-family/redevelopment
  • Centrally-located within the city of Frankfort
  • Utilities to site

Executive Summary

Block+Lot is pleased to present 5.1 acres of centrally-located land with prominent interstate visibility and quick access to both Interstate 64 and Highway 60. Currently zoned Professional Office, allowing office, medical office, and multi-family development, this property sits strategically for redevelopment in a highly-dense area consisting of office, retail, and multi-family in every direction.
Prospective buyers are welcome to look at the existing building, however pricing is as-is and reflective of land value, with no value being attributed to the building.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual (CAD) Annual Per AC (CAD)
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes (CAD)
Annual -
Annual Per AC -
Operating Expenses (CAD)
Annual -
Annual Per AC -
Total Expenses (CAD)
Annual $99,999
Annual Per AC $9.99

Property Facts Under Contract

Price $1,103,212 CAD
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Multifamily
  • Medical
Total Lot Size 5.10 AC

1 Lot Available

Lot

Price $1,103,212 CAD
Price Per AC $216,316 CAD
Lot Size 5.10 AC

5.1 Acres in Frankfort, KY with I-64 visibility.

Description

Block+Lot is pleased to present 5.1 acres of centrally-located land with prominent interstate visibility and quick access to both Interstate 64 and Highway 60. Currently zoned Professional Office, allowing office, medical office, and multi-family development, this property sits strategically for redevelopment in a highly-dense area consisting of office, retail, and multi-family in every direction. Prospective buyers are welcome to look at the existing building, however pricing is as-is and reflective of land value, with no value being attributed to the building. The subject property is immediately surrounded by government, administrative, educational type office users. The general area is high-density retail including big box developments like Kohl’s and Dick’s Sporting Goods, hotels, as well as multi-family and mixed-use. The property two lots eastward from the subject property was recently rezoned from Professional Office to General Commercial, which may set precedent for zone change at buyer discretion.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
087-00-00-042.00
Land Assessment
$0 CAD (2023)
Improvements Assessment
$0 CAD (2023)
Total Assessment
$1,127,920 CAD (2023)

zoning

Zoning Code PO (Professional Office allows for office, medical office, and multifamily use)
PO (Professional Office allows for office, medical office, and multifamily use)
  • Listing ID: 33535527

  • Date on Market: 2024-10-16

  • Last Updated:

  • Address: 190 Democrat Drive, Frankfort, KY 40602

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