StatusAccepting Backup Offers (Active Under Contract)
About 245 W Main St
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 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 Rating 3 Short-Term Suites (12 BRs, 17 Beds, 11.5 BAs) :: 6 Bed + 5 Bath (sleeps 16) :: 5 Bed + 5 Bath (sleeps 10) :: 1 Bed + 1.5 Baths (sleeps 2) :: 3 Full Kitchens + 3 Laundry Hookups :: $175,000 +/- furnishings for turn-key approach :: $112,000 +/- confirmed future bookings **CITY** The city is undergoing a rebirth known as the "Downtown Frankfort Revitalization Project" - a master plan near the riverfront consisting of outdoor retail, restaurants and office to further capitalize on the exploding bourbon industry and tourism within the Louisville/Bardstown/Frankfort triangle. **PROXIMITY** Situated along the Bourbon Trail, guests can easily walk/shuttle to flagship distilleries: Distilleries < 10 mins: :: Buffalo Trace (1.6 mi) :: J. Mattingly 1845 :: Glenns Creek :: Old Crow < 20 mins: :: Castle & Key :: Whiskey Thief :: Woodford Reserve < 30 mins: :: Wild Turkey :: Four Roses :: Bulleit :: Jeptha Creed Major Cities: Louisville, Lexington & Cincinnati Keeneland (30m) + Churchill Down (50m) Lexington Blue Grass Airport LEX (30m) Louisville Inter'l Airport SDF (60m) Cincinnati International Airport CVG (80m) **UPDATES** Enjoy low future CapEx due to the extensive list of upgrades following redevelopment down to the original foundation/shell. Interior: :: New Electric (wiring/panels/service/fixtures) :: New Plumbing (PVC/pex, fixtures, W/D, tankless WH) :: New Steel Framing, Double-Drywall, Insulation, Doors :: New Paint + Wallpaper :: New Elevator + Block Shaft + Voice/Data system :: New Gyp-Crete between levels (sound & fire retardant) :: New Eng. Hardwood + Sound-Damping Underlay :: New HVAC: Units, Spiral Duct, Thermostats :: New In-Unit Speaker Systems :: New Cabinets, Cambria Quartz Countertops :: GE Cafe Series Appliances :: New Tile + Glass Surrounds + Bath Vanities :: Custom Millwork & Trim Carpentry Exterior: :: Restored Front Facade w/ Mahogany Doors :: New Aluminum Clad Windows :: New Roofing + Gutters (TPO roofing) :: New Exterior Paint & Doors :: Foundations Reinforced + Metal I-Beam Joists (1st Fl) :: Commercial Space Buildout: Bar + Bar Equipment Utilities: :: Low utilities - energy efficient fixtures :: Gas, Electric + Water/Sewer separately metered (4) :: Tankless Gas Water Heaters (2nd & 3rd Fl) **HISTORY** Built in 1888, the Mason & Hoge building has its ties to two prominent business and construction leaders at the time: C.R. Mason and S. French Hoge. Today, known as Mason & Hanger, it is the oldest American Architectural Engineering firm and has been renowned for its work on the Virginia Railroad, the Chicago River Reversal, the Kentucky River Lock & Dam, the New York Lincoln Tunnel, and the Nevada Nuclear Weapons Test Site (to name a few).
Property Details
Property Features
Property Information:
Architectural Style: High Rise
Year Built: 1888
Living Area: 8,088 SqFt
Listing Office:
Office Name: RE/MAX Premier Properties
Exterior Features
Exterior Information:
Exterior: See Remarks
Lot Features
Lot Information:
Lot: Corner Lot, Sidewalk
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas, Heat Pump
Cooling: Heat Pump, Central Air
Other
Directions Information:
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.
Price Information
Listing Price Info
Price Summary:
List Price: $2,795,000
Price Per SqFt: $346/SqFt
Tax Information:
Annual Amount: $1,025
Tax Year: 2020
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Collins Lane
1 Cougar Ln
Distance between this listing and this school1.51 miles
Public District Grades PK-5
3
/10
Westridge Elementary School
200 Oak Ridge Dr
Distance between this listing and this school1.60 miles
Public District Grades PK-5
3
/10
Elkhorn Elementary School
928 E Main St
Distance between this listing and this school2.40 miles
Public District Grades 1-5
Nearby Schools
5
/10
Second Street School
506 W 2nd St
Distance between this listing and this school0.28 miles
Public District Grades KG-8
4
/10
Bondurant Middle School
Bondurant Dr
Distance between this listing and this school2.81 miles
Public District Grades 6-8
3
/10
Elkhorn Middle School
1060 E Main St
Distance between this listing and this school2.82 miles
Public District Grades 6-8
Nearby Schools
7
/10
Frankfort High School
328 Shelby St
Distance between this listing and this school0.38 miles
Public District Grades 9-12
5
/10
Franklin County High School
1100 E Main St
Distance between this listing and this school2.91 miles
Public District Grades 9-12
6
/10
Western Hills High School
100 Doctors Dr
Distance between this listing and this school2.96 miles
The neighbors living near this home have an average income of $45,596. The majority of Frankfort, KY residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Living In Frankfort, KY
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Frankfort, KY?
Frankfort's housing market showcases a diverse array of options, with single-family homes being a significant presence. Architectural styles in the area range from historic to contemporary, reflecting the city's rich history and modern growth. The market is balanced with a mix of older homes that exude character and newer constructions that offer modern amenities. While exact statistics are not provided, the area is known for its blend of residential offerings that cater to a variety of preferences and budgets.
Is Frankfort, KY a good place to live?
Frankfort is celebrated for its unique blend of small-town charm and historical significance as Kentucky's capital. The community prides itself on a rich cultural heritage, with landmarks such as the Kentucky State Capitol and the Governor's Mansion enhancing the city's character. Annual events and festivals contribute to the vibrant local culture, fostering a sense of community among residents.
Are things conveniently located in Frankfort, KY?
The community benefits from a solid educational system, with multiple public and private schools serving the area, including specialized institutions that cater to a range of educational needs. Healthcare services are available through local clinics and a regional hospital, providing residents with essential medical care. The city also features a public library system and a variety of retail and dining options that reflect the local culture. Initiatives to improve services are ongoing, adapting to the evolving needs of the community.
What does the transportation in Frankfort, KY look like?
Transportation in Frankfort includes a network of roads and highways that connect residents to nearby cities and attractions. Public transit options are available, offering residents alternatives to private vehicle use. The city's walkability varies by area, with the downtown region being particularly pedestrian-friendly. Efforts to enhance transportation efficiency and accessibility are part of the city's ongoing development plans.
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This home is located at 245 W Main St in Frankfort, KY and zip code 40601. This 8,088 square foot home, which was built in 1888, sits on a 0.08 acre lot. It has been listed on Rocket Homes since June 06, 2024 and is currently priced at $2,795,000.
Frankfort, KY housing market in November 2024 saw over 8 listings sold above listed price, more than 15 sold at listed price and over 28 sold below. In November 2024 in Frankfort, KY there were 3.1% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $239,000, while the average time on the real estate market was 31 days.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
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