# 205 Locust Drive, Frankfort, KY 40601

> **TL;DR:** commercial, $630,000 ($65/sqft), built 1988, 9,750 sqft. Est. $2,730/mo. Listed 170 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $630,000 |
| Price/sqft | $65 |
| Square Feet | 9,750 |
| Year Built | 1988 |
| Lot Size | 72,745 sqft (1.67 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 170 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,730 |
| **Total** | **$2,730** |

## Property Highlights

- Built in 1988
- 1.67 acre lot

## Description

### Agent Description
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.Property Description 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.

## Location

- **Address:** 205 Locust Drive, Frankfort, KY 40601
- **County:** Franklin
- **Neighborhood:** Commercial
- **Coordinates:** 38.186091, -84.815569
- **Google Maps:** https://www.google.com/maps?q=38.186091,-84.815569

## Listing Agent

- **Name:** Kevin Verhoven
- **Brokerage:** The Gibson Company
- **Phone:** 8592248833
- **Email:** kverhoven@thegibsoncompany.com

## Primary Photo

![205 Locust Drive - Primary Photo](http://lh.rdcpix.com/299fac873a7ea443e3589b3c9752f6ebl-f2633581249r.jpg)

*18 total photos available on [listing page](https://www.propertysimple.com/listing/205-locust-drive-frankfort-ky-40601-25504454)*

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**MLS#:** 25504454 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/205-locust-drive-frankfort-ky-40601-25504454)

---

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