Equipped Bar and
For Sale
$350,000
137 East Broadway Street, Winchester, KY 40391
Commercial Sale, Winchester, KY
Property Size1,536 SF
Lot Size0.17 Acres
Price / SF$227.86
Days on Market257
Property Features for 137 East Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-1
Subdivision
Commercial
Directions
From Main Street in Winchester turn on East Broadway. Store will be on the left before the railroad tracks.
Standard status
Active
APN
054-3228-004-01
Size
1,536 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Floors in Building
1
Building materials
Brick
Roof type
Shingle
Listing Agency:
Dream Maker Realty, LLC
(859) 404-3384
Listed By:
Dale Hatton
(859) 556-0330
Added: Dec 20, 2025
Changed: Sep 1
Last Checked: Sep 3 at 1:06PM
MLS# 25508602
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,536-square-foot bar and pub is offered with its operating contents in place, including two pool tables, barstools, tables, televisions, pool cues, a dartboard, and inventory. The property is constructed of brick and includes central air conditioning, electric heat, a shingle roof, and public sewer service.
Located in historic downtown Winchester, the business is described as an established operation with a recurring clientele. Its configuration also supports service as a liquor store, with the ability to serve mixed drinks and open liquor under the stated operating model. The HVAC unit, walk-in compressors, and cooler have been recently replaced.
Located in historic downtown Winchester, the business is described as an established operation with a recurring clientele. Its configuration also supports service as a liquor store, with the ability to serve mixed drinks and open liquor under the stated operating model. The HVAC unit, walk-in compressors, and cooler have been recently replaced.
Key Highlights
- 1,536‑square‑foot bar and pub property
- Two pool tables, dartboard, televisions, furniture, pool cues, and inventory included
- HVAC unit, walk‑in compressors, and cooler recently replaced
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,878
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$357,560
$357.6K
Cap Rate 7%
$255,400
$255.4K
Cap Rate 9%
$198,644
$198.6K
Market Conditions
NOI Build-Up for 1,536 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.3K $16.44/SF
− Vacancy
−$1.4K −$0.92/SF
EGI
$23.8K $15.52/SF
− OpEx
−$6.0K −$3.88/SF
NOI
$17.9K $11.64/SF
Area
Clark County, KY
Vacancy
5.60%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$357,560
Cap Rate 7%
$255,400
Cap Rate 9%
$198,644
Alternative Uses
Best Use
Specialty Retail
$255.4K
$223.5K – $298.0K
NOI $17,878 @ 7.0% cap · market cap 5.11%
Second Best
Retail
$208.8K
$182.7K – $243.6K
NOI $14,616 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$389.3K
$340.6K – $454.2K
NOI $27,250 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 40391, KY
36,461
Population
16,125
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
90%
High-School Grad
237.3 sq mi
ZIP Area
154
Density / Sq Mi
$67,910
Median Household Income
$40,323
Median Earnings
$884
Median Rent
$197,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pretty Privileged — 32 Central Ave, Winchester, KY 40391
- The Hall Coffee & Social Club — 17 S Main St, Winchester, KY 40391
- Abettor Brewing Company — 128 N Highland St, Winchester, KY 40391
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established downtown business with furnishings, entertainment equipment, inventory, and updated cooling infrastructure included.
Where is this bar & pub located?
The property is located at 137 East Broadway Street Winchester, KY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,536‑square‑foot bar and pub property; Two pool tables, dartboard, televisions, furniture, pool cues, and inventory included; HVAC unit, walk‑in compressors, and cooler recently replaced
