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Sold for $2,650,000
  • $2,650,000

    245 W Main St, Frankfort, KY 40601

    12beds
    14baths
    8,088sqft
    Quadruplex, High Rise
    Built in 1888
    -- sqft lot
    $2,769,400 Zestimate®
    $328/sqft
    $1,080 Estimated rent

    Home value

    $2,769,400

    Estimated sales range

    Not available

    $1,080/mo

    Zestimate® history
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    $1,080/mo

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    $13,058/mo

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    $13,058/mo

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    What's special

    Custom millworkNew plumbingRestored front facadeNew paintNew roofingNew hvacHigh visibility
    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).

    Zillow last checked:

    Listing updated:

    Listed by:

    Sean S Williams,

    RE/MAX Premier Properties,

    HundleyWilliams Team

    Bought with:

    Toni R Boer, 267827

    Semonin Realtors

    Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1662553MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 14
    Heating
    • Forced Air, Natural Gas, Heat Pump
    Cooling
    • Heat Pump, Central Air
    Features
    • Has basement: Yes
    Interior area
    • Total structure area: 8,088
    • Total interior livable area: 8,088 sqft
    • Finished area above ground: 8,088
    • Finished area below ground: 0

    Property

    Features
    • Exterior features: See Remarks
    Lot
    • Size: 3,484 sqft
    • Features: Corner Lot, Sidewalk
    Details
    • Parcel number: 0612414010.00

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, High Rise
    • Attached to another structure: Yes
    Materials
    • Block, Stone
    • Roof: Membrane
    Condition
    • Year built: 1888

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & neighborhood

    Location
    • Region: Frankfort
    • Subdivision: None

    HOA & financial

    HOA
    • Has HOA: No

    Price history

    DateEventPrice
    2/28/2025Sold$2,650,000-5.2%$328/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1662553 Report a problem
    10/31/2024Contingent$2,795,000$346/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1662553 Report a problem
    10/23/2024Listed for sale$2,795,000$346/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1662553 Report a problem
    10/11/2024Contingent$2,795,000$346/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1662553 Report a problem
    10/3/2024Price change$2,795,000-4.4%$346/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1662553 Report a problem
    9/16/2024Price change$2,925,000-2.3%$362/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1662553 Report a problem
    7/24/2024Price change$2,995,000-4.2%$370/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1662553 Report a problem
    6/6/2024Listed for sale$3,125,000$386/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1662553 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 40601

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $2,769,400
    2% more
    +$55,388
    With Zillow Showcase(estimated)
    $2,824,788