16 N Main Street Winchester, KY 40391
COMMERCIAL - Winchester, KY
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 (859) 771-2552
Listing office Block + Lot Homes 133 W Short St, Lexington, KY (859) 309-0099
Listing date Jan 30, 2025
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.
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 |