114 W 2nd St
Frankfort, KY 40601
Industrial Property For Sale

Incredible mixed-use redevelopment or adaptive reuse opportunity near Historic Downtown Frankfort and the iconic KY State Capitol, all in the heart of bourbon county. Set on 0.93 acres with 20,973 ± total SF across two buildings, this offering promises exceptional upside for an investor, developer, owner-user, or operator looking to capitalize on Frankfort’s continued growth, tourism demand, and revitalization.
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Located in Central Frankfort Historic District means you can compound your investment with possible Historic Tax Credits for Building 2! Flexible CG zoning allows for a wide range of commercial, residential, hospitality, retail, service, and light industrial uses. Potential concepts include: 1st Fl Mixed Use Retail/Restaurant spaces with apartments above; an event venue; bourbon-tourism destination; boutique hospitality concept; creative office; indoor recreation use; contractor/trade headquarters; or adaptive reuse residential development. The site also includes three curb cuts along the main road, alley access, usable on-site parking, and 3-phase electric in both buildings.
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Building 1: ~1,260 SF that includes updated plumbing, electrical, an ADA-sized restroom, 12’ ceiling heights, possible drive-through, and an overhead door for easy access. This building would be ideal for a coffee shop, restaurant, retail storefront, liquor/bourbon-related concept, boutique service business, or complementary tenant to a larger redevelopment plan.
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Building 2: ~19,713 SF encompasses clear-span warehouse space, retail/office frontage, a 2nd Fl apartment, and mezzanine storage. The building was formerly associated with the Whitaker Motor dealership dating back to the 1940s that provides a rich history and unmatched character. Constructed with hot-riveted Red Iron Steel may provide the potential for vertical expansion, subject to approvals. Other highlights include: multiple overhead doors, substantial ceiling heights, existing air compressor lines, replacement gas + water lines to the street, and sewer connections every 40 feet.
Frankfort is experiencing a meaningful wave of public and private investment, making this property especially compelling as an adaptive reuse or redevelopment opportunity. Recent momentum in the downtown area includes: The planned downtown meeting and event center; Continued Capital Plaza area redevelopment; A new riverfront strategic plan stretching from Capital View Park to Buffalo Trace; Buffalo Trace’s $1.2B expansion (record Bourbon Trail visitation); $150M Paddocks of Frankfort mixed-use development; New Fire Station 1 located nearby
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With its scale, zoning flexibility, historic character, parking, access, utility infrastructure, and proximity to Downtown Frankfort, the State Capitol, and Kentucky’s bourbon tourism corridor, this is a rare opportunity to reposition a high-potential commercial property in the path of Frankfort’s next chapter of growth.