Downtown Corner
New
For Sale
$225,000
1 N Main Street, Winchester, KY 40391
COMMERCIAL - Winchester, KY
Property Size1,900 SF
Lot Size0.02 Acres
Price / SF$118.42
Days on Market4
Property Features for 1 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B2
Directions
Located on the corner of N. Main Street and N. Broadway in Downtown Winchester.
Subdivision
007 - Clark County
Standard status
Active
APN
054-3216-008-00
Size
1,900 SF
Lot size
0.02 Acres
Building Details
Year built
1900
Listing Agency:
Block + Lot Homes
(859) 309-0099
Listed By:
Lara Thornbury · License #SL3587398
(859) 771-2552
Added: Jul 27
Last Checked: Jul 30 at 6:06PM
MLS# 26019968
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 recently updated duplex is located on a highly visible corner of Lexington Avenue and Main Street in Downtown Winchester. The property is configured with two residential units, with tenants currently in place in both the upstairs and downstairs spaces.
Situated in the Opportunity Zone, the address is 1 N Main Street, Winchester, KY 40391. The immediate downtown area features a walkable mix of restaurants and shops, including the historic Leeds Center for the Arts.
With Downtown Winchester amenities nearby, the property offers a dual-unit residential income setup in a central location. Winchester is also conveniently positioned about 18 miles east of Lexington and provides quick access to larger-city options via proximity to I-64.
Situated in the Opportunity Zone, the address is 1 N Main Street, Winchester, KY 40391. The immediate downtown area features a walkable mix of restaurants and shops, including the historic Leeds Center for the Arts.
With Downtown Winchester amenities nearby, the property offers a dual-unit residential income setup in a central location. Winchester is also conveniently positioned about 18 miles east of Lexington and provides quick access to larger-city options via proximity to I-64.
Key Highlights
- Built in 1900
- Recently updated corner property on Lexington Avenue and Main Street
- Tenants in place in both upstairs and downstairs units
Financial Insights For Multifamily LT 5
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 | $24.2k | $12.72 |
| − Vacancy | −$1.0k | −$0.53 |
| EGI | $23.2k | $12.19 |
| − OpEx | −$6.9k | −$3.66 |
| NOI | $16.2k | $8.53 |
1,900 SF · lease $12.72/SF/yr · vacancy 4.18% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$231.6K
$202.6K – $270.2K
NOI $16,210 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$207.2K
$181.3K – $241.8K
NOI $14,506 @ 7.0% cap · market cap 6.45%
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Recently updated duplex on a highly visible downtown corner with tenants in both upstairs and downstairs units.
Where is this duplex 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: Built in 1900; Recently updated corner property on Lexington Avenue and Main Street; Tenants in place in both upstairs and downstairs units
