A special opportunity to own this historic landmark, once the private home of Colonel E.H. Taylor Jr. (hailed as the father of modern bourbon) is situated perfectly to be welcoming retreat for visitors coming from near and far or converted to a stunning private home or several specious apartments. Current owner has completed initial architectural and construction studies, as well as obtained approvals from the City of Frankfort to convert the building to a boutique hotel and restaurant. Located in the newly-designated downtown entertainment zone. The property's historic distinction give potential for historic preservation tax credits. The investment opportunity is further enhanced by the property's fortuitous location in a Federal Opportunity Zone, protecting investment dollars from capital gains taxes.
Listing Provided Courtesy of: CENTURY 21 Commonwealth R E
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Turf Town properties, inc. are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers.Information Deemed Reliable but Not Guaranteed©2021 LBAR Multiple Listing Service. All rights reserved.