205 Locust Dr
205 Locust Dr, Frankfort, KY 40601
Outstanding investment opportunity in Frankfort, Kentucky! This 9,750 SF flex building sits on 1.5 acres of General Commercial-zoned land, conveniently located just off Versailles Road (US 60) behind Gary Yeoman’s Ford. The property consists of five (5) individual units at approximately 1,850 SF each, ideal for light industrial, service, or small-business tenants. The building is 100% occupied with month-to-month tenants, providing stable income and immediate upside potential through rent adjustments or new leasing strategies. A 500 SF garage bay is currently vacant, offering flexibility for owner use or additional rental income. The site provides ample parking, easy access to major highways, and a functional flex layout suitable for contractors, distributors, or service companies. This is a great opportunity for an investor or owner-user to acquire a well-located commercial asset with value-add potential in one of Frankfort’s most accessible commercial corridors.
Building Details
- For Sale $620,000
- Property Type Industrial - Flex - Industrial
- Property Size 9,750 SF
- Lot Size 1.5 Acre
- Additional Rent Price on request
- Building Class C
- Year Built 1988
- Date Updated Oct 27, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
The Gibson Company
The Gibson Company
Location
- City Frankfort, KY
- Zip Code 40601
- Market Lexington
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Walk score 35/100 Car-Dependent
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Bike score 27/100 Somewhat Bikeable
Points of Interest
Speedway
0.27 miles
BP
0.57 miles
Shell
0.60 miles
Kroger
1.03 miles
RaceTrac
1.11 miles
Sunoco
1.84 miles
KYTC Empl Ent West
3.45 miles
Walgreens
1.01 miles
Frankfort City Police Station
3.44 miles
Frankfort Fire and EMS Station #1
3.49 miles
Franklin Co Sheriff
4.31 miles
CVS Pharmacy
4.58 miles
Frankfort Regional Medical Center
5.30 miles
Scott County Fire Station No. 5
7.93 miles
Versailles Independent Pharmacy
9.84 miles
Burger King
0.33 miles
Subway
0.34 miles
Zaxby's
0.35 miles
KFC
0.39 miles
Taco Bell
0.46 miles
Waffle House
0.49 miles
Captain D's
0.55 miles
DQ Grill & Chill
0.66 miles
Cattleman's Roadhouse
0.75 miles
White Castle
0.96 miles
Listing Summary
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Property Financials 205 Locust Dr is currently listed for sale at $620,000 for a price per square foot of $63.59.
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Property Details 205 Locust Dr totals 9,750 square feet of Industrial space on a lot spanning 1.5 acres. The property was initially built in 1988.
Based on its location, amenities, and finishes, the property is listed as class C.