226 W Main St, Frankfort, KY 40601

Property Description

Wonderful opportunity to own a rehabbed building in the heart of downtown Frankfort. This 2 story building is attached on both sides and fronts Main St in historic downtown. The first floor is currently used as a retail storefront with the lease expiring in July 2025. Once vacant, it will have many possibilities including the conversion to residential or leaving it as retail, office, or multi-use. The second floor is accessed from inside the main vestibule and leads to a fully rehabbed residential apartment that is currently rented at $950 per month on a MTM lease. Both floors have updates, new flooring, and all city approved improvements. The basement is unfinished with no outside access. About 6 feet high with gravel, fire suppression equipment that is pressurized, capped sewer lines, and new sump pump. It is approximately 1520 SF per floor. The current owner has created an updates/information sheet about the building and even completed a Seller's Disclosure of Property Condition even though it isn't required. See the attachment for more information and improvements.