Storefront Property with Two-Level
For Sale
$225,000
1 N Main Street, Winchester, KY 40391
Recently updated storefront on a highly visible corner with upstairs and downstairs units occupied by tenants.
Property Size1,900 SF
Price / SF$118.42
Days on Market76
Property Features for 1 N Main Street
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Retail
Zoning
B-2
Additional Details
Opportunity Zone
Yes
Corner Location
Yes
Listing Agency:
Block & Lot Real Estate
Listed By:
Lara Thornbury · License #SL3587398
(859) 309-0099
Source:
Kcrea.resimplifi
Added: Jul 27
Changed: Oct 7
Last Checked: Oct 9 at 4:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Block & Lot Real Estate
Investment Insights
Based on property information with market context.
This recently updated storefront property is located on a very visible corner of Lexington Avenue and Main Street in Winchester, KY. The building is configured with upstairs and downstairs units, with tenants in both levels.
The property is within walking distance of downtown Winchester destinations and dining, including the historic Leeds Center for the Arts, along with other restaurants and shops. It is also located in an Opportunity Zone.
At approximately 1,900 square feet, the space offers a practical downtown setup for storefront-oriented operations or investment strategy centered on a multi-level layout.
The property is within walking distance of downtown Winchester destinations and dining, including the historic Leeds Center for the Arts, along with other restaurants and shops. It is also located in an Opportunity Zone.
At approximately 1,900 square feet, the space offers a practical downtown setup for storefront-oriented operations or investment strategy centered on a multi-level layout.
Key Highlights
- Very visible corner location on Lexington Avenue and Main Street
- Recently updated storefront building
- Upstairs and downstairs units with tenants in both levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,079
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,580
$361.6K
Cap Rate 7%
$258,271
$258.3K
Cap Rate 9%
$200,878
$200.9K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$27.4K $14.40/SF
− Vacancy
−$1.5K −$0.81/SF
EGI
$25.8K $13.59/SF
− OpEx
−$7.7K −$4.08/SF
NOI
$18.1K $9.52/SF
Area
Clark County, KY
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,580
Cap Rate 7%
$258,271
Cap Rate 9%
$200,878
Alternative Uses
Best Use
Retail
$258.3K
$226.0K – $301.3K
NOI $18,079 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$481.5K
$421.4K – $561.8K
NOI $33,708 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Recently updated storefront on a highly visible corner with upstairs and downstairs units occupied by tenants.
Where is this storefront property located?
The property is located at 1 N Main Street Winchester, KY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Very visible corner location on Lexington Avenue and Main Street; Recently updated storefront building; Upstairs and downstairs units with tenants in both levels
