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  1. Commercial Properties
  2. KY
  3. Frankfort

205 Locust Dr

For Sale

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
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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Contacts

KV
Kevin Verhoven

The Gibson Company

JS
Jamie Smith

The Gibson Company

Location

  • City Frankfort, KY
  • Zip Code 40601
  • Market Lexington
  • Map
  • Street
  • Walk score 35/100 Car-Dependent
  • Bike score 27/100 Somewhat Bikeable
Powered by Walk Score ®

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

  • Property Financials

    205 Locust Dr is currently listed for sale at $620,000 for a price per square foot of $63.59.

  • 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.

Contact 205 Locust Dr
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