$18,500
SOLD SEP 29, 2025

531 E Main St Frankfort, KY 40601

0.18 Acre
$102,778 Price per Acre
7,841 Sq Ft Lot

Recently Sold

8% Below List Price

102 Days on Market

About This Lot

As of September 2025

Exceptional opportunity to own 0.183 acres of CG-zoned (General Commercial) land in a high-visibility location directly across from Kentucky State University. This vacant development. Situated on E Main Street, a well-trafficked corridor, it benefits from strong vehicle and pedestrian flow, making it ideal for businesses targeting both the university and local community. Public utilities available. Don't miss your chance to develop in one of Frankfort's most strategic and growing areas!

Last Agent to Sell the Property

Sean Mcgovern

RE/MAX Creative Realty License #192228 Listed on: 06/09/2025

RE/MAX Creative Realty

Last Buyer's Agent

Sivling Lo

Lo Realty License #291333

Property Details

Property Type

  • Land

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 40x42x197x203
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Zoning described as CG Commercial General

Community Details

  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 074-24-03-003.00

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub-Type: Unimproved Land
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Lot Size Area: 0.18
  • Possible Use: Professional, Residential, Commercial

Exterior Features

  • List Price: 20000.0
  • Lot Features: Cleared, Irregular Lot, Rolling Slope

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available

Lot Info

  • Topography: Rolling Slope, Cleared
  • Lot Dimensions: 40x42x197x203
  • Additional Parcels: No
  • Current Use: Vacant, Commercial
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7841.0
  • Number of Lots: 1
  • Parcel Number: 074-24-03-003.00
  • Zoning Description: CG Commercial General

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2025
Closed on
Sep 25, 2025
Sold by
Cotton Carrie
Bought by
Sokha Thitik
Seller's Agent
Sean Mcgovern
RE/MAX Creative Realty
Buyer's Agent
Sivling Lo
Lo Realty
List Price
$20,000
Sold Price
$18,500
Premium/Discount to List
-$1,500
-7.5%
Views
15
Current Estimated Value
$63,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,358
Avg. Annual Appreciation
2745.59%

Purchase Details

Closed on
Jun 8, 2022
Sold by
Bluegrass Tax Lien Bureau Llc
Bought by
Farmers Bank And Capital Trust Company
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $18,500 Bluegrass Land Title
Commissioners Deed $7,500 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2025 09/29/25 Sold $18,500 -7.5% --
09/19/2025 09/19/25 Pending -- -- --
06/09/2025 06/09/25 For Sale $20,000 -- --
Source: ImagineMLS (Bluegrass REALTORS®)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $96 $8,000 $0 $0
2024 $97 $8,000 $0 $0
2023 $96 $8,000 $0 $0
2022 $15 $8,000 $0 $0
2021 $94 $8,000 $0 $0
2020 $95 $8,000 $8,000 $0
2019 $97 $8,000 $8,000 $0
2018 $97 $8,000 $8,000 $0
2017 $16 $8,000 $8,000 $0
2016 $91 $8,000 $8,000 $0
2015 $484 $8,000 $8,000 $0
2011 $484 $40,000 $8,000 $32,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25012203

ImagineMLS (Bluegrass REALTORS®)

APN: 074-24-03-003.00