245 W Main St, Frankfort, KY 40601 (MLS# 1662553)

245 W Main St, Frankfort, KY 40601

$2,650,000

Property Type: Multi Family Square Footage: 8,088 Lot Size (sq. ft.): 3,500 Status: Closed

Current Price: $2,650,000 List Date: 10/23/2024 Last Modified: 5/05/2025

Overview

Description

Welcome to the epicenter of Bourbon Country! Situated minutes from World-Renowned distilleries, this Boutique Short-term Rental + Bourbon Bar has quickly become a thriving and trustworthy destination for Distillery-Tour Groups, Bourbon Lovers and Thoroughbred Enthusiasts from across the USA. Most recognizable as the ''Mason & Hoge'' Building, this memorable landmark of the Central Business Historic District easily justifies why its facade is featured on the front of the State Capital's tourism guide: ''Visit Frankfort''. A remarkable 3-yr, multi-million dollar restoration project was completed in 2023 that exudes the perfect harmony of a modern, luxurious grandeur with a quirky twist. The layout offers versatile booking flexibility (up to 28 guests) which has helped it garner

Supplements: high-dollar bookings that continue to increase - additional income growth opportunities exist as well. **HIGHLIGHTS** :: Stabilized, Class A Asset :: Historic District | Corner Lot | High Visibility :: 8,898 Gross SQFT: 8,088 FIN + 810 UF :: Central Elevator + Stairwell 1 Long-Term Tenant :: Bourbon Bar leased til Aug '28 :: 4.8-star Google Rati ... (Read more)

Listing Details MLS# 1662553

General Listing Information

Listing Price: 2795000
Property Sub Type: Quadruplex
REO/Bank Owned/HUD: No
HOA Y/N: No
HOA Annual $: 0

Location

Street #: 245
St Dir: W
Street: Main
St Suffix: St
Area: 12-Other Counties
Sub Area: A
County: Franklin
State/Province: KY
Zip Code: 40601
Deed Bk: 545
Parcel ID: 061-24-14-010.00
Pg #: 459
Subdivision/Condo: NONE
Block: 24
Lot: 14
Directions: I-64 to US-127 N/Lawrenceburg Rd, R on Louisville Rd, stay slightly right and becomes W 2nd St., L on Bridges St, Bridge St turns slightly right and becomes St Clair St, R on W Main St.

Contract Info

Original List Price: 3125000
Disclosure: No

Property Description

SqFt -Total Finished: 8088
Above Grade Finished: 8088
Below Grade Unfin: 810
Sqft - Total Unfin: 810
SqFt - Source: Other
First Floor Laundry: No
Garage Y/N: No
Basement Y/N: Yes
Total Units: 4
Lot Size Dimensions: PVA
Lot SF: 3500
Security Deposit: N
Age: 136
Year Built: 1888
Covered Parking: No
Term/Lease: TBD
# of Furnaces: 4
# of Water Heaters: 4
Separate Meters: Yes
Sold As-Is: No
M Struct Flood Plain: Under Review
Below Grade Finished: 0
Nonconform SqFt Fin: 0
Above Grade Unfin: 0
# Parking Spaces: 0

Status Change Info

Contract Acceptance Date: 2024-10-31
Sold Date: 2025-02-28

More Information

1st Level

Total Units: 2
Living Room: Yes
Full Baths: Yes
Partial Baths: 3
Kitchen: Yes
Laundry: Yes

2nd Level

Total Units: Yes
Living Room: Yes
Full Baths: 5
Kitchen: Yes
Laundry: Yes

3rd Level

Total Units: Yes
Living Room: Yes
Full Baths: 5
Kitchen: Yes

Architectural Style

High Rise: Yes

Lot Description

Corner Lot: Yes
Sidewalk: Yes

Utilities

Electricity Connected: Yes
Fuel:Natural: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Construction

Block: Yes
Stone: Yes

Roof

Membrane: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Sewer: Yes
Water: Yes

Heating

Forced Air: Yes
Natural Gas: Yes
Heat Pump: Yes

Cooling

Heat Pump: Yes
Central Air: Yes

Project Facilities

Elevator: Yes

Exterior

See Remarks: Yes

Green Features

Tankless Water Heater: Yes

Property Features

Architectural Style: High Rise Construction: Block; Stone Roof: Membrane Owner Pays: Electricity; Gas; Water Project Facilities: Elevator Exterior: See Remarks Utilities: Electricity Connected; Fuel:Natural Water Source: Public Sewer: Public Sewer Heating: Forced Air; Natural Gas; Heat Pump Cooling: Heat Pump; Central Air Lot Description: Corner Lot; Sidewalk Green Features: Tankless Water Heater

Listing Office: RE/MAX Premier Properties

Last Updated: May - 05 - 2025

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