16 N Main Street,Winchester, KY 40391
Winchester, KY 40391
Description
An excellent opportunity to own a fully leased, income-producing property in the heart of Downtown Winchester, Kentucky. This beautifully renovated 2,310 SF retail storefront is being offered at a 10% cap rate, making it an attractive turnkey investment from day one. The building may be old, but nearly everything inside is new! Recent improvements include a new roof, four new skylights, exposed beams, new hardwood flooring throughout, updated electrical and plumbing, and HVAC. The space is plumbed for four bathrooms and also includes a laundry room and private back office with a window overlooking the main retail area. This property boasts a large rear parking lot-one of the largest in Downtown Winchester-providing convenient parking for tenants, customers, and employees. The location is surrounded by continued downtown growth. Seven new high-end apartments across the street, while the same block is already home to five restaurants, numerous shops, and the Leeds Center for the Arts. Property Highlights: -Recently renovated with a new roof, 4 new skylights, exposed beams, new hardwood floors, new plumbing and new electrical. -The property is located directly across from a brand-new apartment building and is surrounded by retail and restaurants. -The property boasts the largest back parking lot in the downtown area, a bonus for staff and customer accessibility. -Downtown Winchester, KY is booming - everyone wants to be Downtown, introducing shops, restaurants, and new apartment living options. Winchester, KY is conveniently situated just 18 miles east of Lexington and, with proximity to I-64, provides quick access to the larger city's amenities. Downtown Winchester is home to a variety of beloved local establishments, including the historic Leeds Center for the Arts, La Trattoria, The Hall Coffee & Social Club, and several small shops. Over 30 new, high-end apartments are coming to Downtown Winchester - residents and tourists want to be Downtown!
Details
| MLS # | 25001584 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 9999 |
| Days On Site | 216 |
| Listing Provided By | Block + Lot Homes | Lara Thornbury |
Features
| SQ Feet | 2,310 |
|---|---|
| Building(s) | 1 |
| Zoning | Other |
| Acreage | 0.18 |
Exterior
| Construction Materials | Brick, Glass |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | On Site, Paved |
Area Information
| State | KY |
|---|---|
| County | Clark |
| City | Winchester |
| Zip Code | 40391 |
| Area | 007 Clark County |
| Subarea | Clark County |
| Community Name | Commercial |
| Listing VS Median (in Commercial) | |
Price: $299,999 low | high Med: $20,000 sqft: 2,310 low | high Med: 18,700 $ / sqft: $130 low | high Med: $1 On site: 216 low | high Med: 137 | |
Market Activity 40391
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Learn More About This Property
| State | KY |
|---|---|
| County | Clark |
| City | Winchester |
| Zip Code | 40391 |
| Area | 007 Clark County |
| Subarea | Clark County |
| Community Name | Commercial |
| Listing VS Median (in Commercial) | |
Price: $299,999 low | high Med: $20,000 sqft: 2,310 low | high Med: 18,700 $ / sqft: $130 low | high Med: $1 On site: 216 low | high Med: 137 | |
