120 Nicklaus Drive, Frankfort, KY 40601

Listing Description

• Cleared
• Level

Wonderful Opportunity for a builder/developer to purchase and build in Phase II of ''The Condos'' at Duckers - This is a very desirable area on southeast side of Franklin County. The 5.8 acres consist of Tracts 4 and 5 that includes 38 allocated building units in a Development plan - Planned Unit Development (PUD) The current owner has had an engineer draw up plans for either apartments, townhouses, or condo buildings. There is a chance to increase density as Franklin Co Planning &Zoning has allowed other areas to increase sewer manholes on site for easy access. Frankfort Plant Board handles the water and cable. KU handles electric. Priced at less than $10,000 per unit for land and sewer. Phase 1 Completely built out, a well ran HOA is in place if the new developer wants to annex. The development land wraps around # 10, #11 And #18 at Ducker's Lake Gulf Course (currently closed). The last new Sales in Phase 1 are transferring for $260,000 to $280,000.