Land for Development - Hotel or Commercial Use

$1,500,000

115 Old Versailles Road, Frankfort, KY 40601

For Sale

Development Hospitality

Active

Last Updated: 03/19/2025

Details:

Development Type: Hotel

Lot Area: 3.87 acres

Offered by

Gordon Allred

Senior Managing Director Investments

Allred Hotel Group of Marcus & Millichap

#CA 00927200

Request Info to Unlock

Highlights:

Brand-New 4-Story WoodSpring Suites to Be Constructed | Multiple Brands Available
Excellent Location at the Intersection of Interstate 64 and U.S. Route 60
3 Miles from Kentucky State University
Located 5 Miles From the Kentucky State Capitol, Offering Convenient Access to This Historic Landmark

Description:

Grant Fitzgerald // Broker of Record // License KY 286261

Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.

Marcus & Millichap has been chosen to exclusively market for sale the Land for Development - Hotel or Commercial Use, a shovel-ready 3.87± acre site in Frankfort, Kentucky.

The Land for Development - Hotel or Commercial Use represents the opportunity to acquire a Choice-branded hotel development project in a stable market. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Frankfort region.

Click Here for Offering Memorandum: https://allredhotelgroup.com/?propertyId=FrankfortKYWSDev

Click to Subscribe to Our Mailing List: https://allredhotelgroup.us21.list-manage.com/subscribe?u=29d9d89c10137c6b769da576e&id=19e1854d86