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Ted Bray, Owner/Broker
FOR SALE
$2,995,000

245 W Main St
Frankfort, KY 40601

Multi-Family
Residential
8,088
Sq. Ft.
0.08
Acre Lot
Courtesy: Sean S Williams - RE/MAX Premier Properties
Home> Kentucky> Frankfort> 40601
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 classic + swanky grandeur mixed with a modern, luxurious and 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 + Stairwell1 Long-Term Tenant:: Bourbon Bar leased til Aug '28:: 4.8-star Google Rating3 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:: $82,000 +/- 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 CreedMajor Cities: Louisville, Lexington & CincinnatiKeeneland (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 CarpentryExterior::: 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 EquipmentUtilities::: 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).
1662553
Multi-Family, High-Rise
Franklin
1888
0.08 Acres
Public
Block,Stone
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Sean S Williams - RE/MAX Premier Properties
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