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Renovated Commercial Space, Winchester, KY

16 N Main Street Winchester, KY 40391

16 N Main Street, Winchester, KY, 40391
$299,999
For Sale
Claim this Listing
$299,999

COMMERCIAL - Winchester, KY

Property Size2,310 SF
Lot Size0.18 Acres
Price / SF$129.87
AddedJan 30, 2025
Days on Market531
Last RefreshJul 15 at 12:06 pm

Property Features for 16 N Main Street

General Information

Property type
Commercial Sale
Property subtype
Retail
Standard status
Active
APN
054-3209-015-00
Size
2,310 SF
Lot size
0.18 Acres

Building Details

Floors in Building
1
Building materials
Brick, Glass

Listing agent Lara Thornbury License #SL3587398

Listing office Block + Lot Homes 133 W Short St, Lexington, KY

Listing date Jan 30, 2025

MLS# 25001584

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 renovated commercial property is located in Winchester, Kentucky. The building features a new roof, four new skylights, and exposed beams. The interior includes new hardwood floors throughout. Plumbing is in place for four bathrooms, a laundry room, and a back office with a window overlooking the main space. New electrical and plumbing systems have been installed. The property includes the largest back parking lot in the downtown area. The property is located across the street from a new apartment building and is surrounded by retail and restaurants. The property size is 2310 square feet and the lot size is 0.18 acres. The property is located near multiple restaurants, shops, and the Leeds Center for the Arts. Winchester periodically offers building and business grants.

Key Highlights

  • Largest back parking lot in the Downtown area.
  • Recently renovated with new roof, 4 new skylights, exposed beams, new hardwood floors, new plumbing and new electrical.
  • Located directly across from a brand‑new apartment building and surrounded by retail and restaurants.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $33.3k $14.40
− Vacancy −$1.9k −$0.81
EGI $31.4k $13.59
− OpEx −$9.4k −$4.08
NOI $22.0k $9.52
2,310 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%

Alternative Uses

Best Use
Retail
$314.0K
$274.8K – $366.4K (±1% cap)
NOI $21,981 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$585.4K
$512.3K – $683.0K (±1% cap)
NOI $40,981 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Busy Bee Innovations ... Custom T-Shirt Store Fifth Element Brazilian ... Training Center

Suggested Use

Dental Office HVAC Service Real Estate Agency Skin Care Clinic Carpet & Flooring Store Bakery Tech Support Center Computer & Electronic Repair Veterinary Clinic Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Storefront property - Recently renovated commercial space with parking in downtown Winchester.
Where is this storefront property located?
The property is located at 16 N Main Street Winchester, KY.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Largest back parking lot in the Downtown area.; Recently renovated with new roof, 4 new skylights, exposed beams, new hardwood floors, new plumbing and new electrical.; Located directly across from a brand‑new apartment building and surrounded by retail and restaurants.
Contact an agent
More about this property
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