WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
Bank Owned | Premier Office | Income Producing
Two-Story Building with 12,000 +/- SF (6,000 SF Floor Plate)
Gross Annual Income: $102,715 –Tenant Pays 1st Floor Utilities
Prime Corner – Signalized Intersection – Naming Rights for New Owner – 50% Occupied
Extensive Renovation Completed in August 2025 – New HVAC/Elevator & Class A Interior TI’s
Zoned CB (Central Business District) – Vast Array of Allowable Uses
Fully Sprinklered throughout the building
Long-Term Credit Tenant with New 5-Year Extension in Place as of May 2025
Located at Busy, Signalized Intersection in the Heart of Downtown Frankfort – Seat of Kentucky State Government
Located Less than One Mile from State Capitol, State Office Headquarters and Federal Courthouse – Two Blocks from Franklin County Courthouse
Regional Lender Orders Immediate Sale of Multiple Surplus Assets!
Multiple Locations for Auction in WV, KY, PA, OH & IN. Call Today for the List of Branches & Surplus Asset Properties!
Free & Clear Title Guaranteed – Title Insurance Available!
IMPORTANT NOTE: Do Not Disturb the Existing Tenants or Attempt to Tour the Property without Prior Permission from Tranzon.
Posted Price is not relevant. PRICE WILL BE DETERMINED AT AUCTION.
Tranzon Asset Advisors, Edward D. Durnil, KY Auctioneer #259408/Broker #P187998
10% Buyers Premium based on high bid and other terms apply.
Online bidding ends November 18th at 3:00pm ET.
Inspection: November 10th at 12:00pm ET and November 14th at 12:00pm ET.
Property Address: 201-205 West Main Street Frankfort, KY 40601
Contact Jordan Conlee at 888-791-7307 ext 809 or jconlee@tranzon.com
