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Historic Mixed-Use Opera House
For Sale
$1,750,000

101 S Main, Winchester, KY 40391

Commercial Sale, Winchester, KY

Property Size20,548 SF
Lot Size0.23 Acres
Price / SF$85.17
Days on Market1051

Property Features for 101 S Main

General Information

Property type Commercial Sale
Property subtype Office
Zoning description B-2
Subdivision Downtown
Directions Eastbound on Main St, property on Left
Standard status Active
APN 054-3218-001-00
Size 20,548 SF
Lot size 0.23 Acres

Utilities

Utilities Water Available
Sewer type Public Sewer

Amenities

interior elevator
functioning fireplaces

Building Details

Floors in Building 3
Building materials Brick
Listing Agency: Block + Lot Homes
Listed By: Gregory Leveridge · License #215416
Added: Nov 10, 2023 Changed: Sep 12 Last Checked: Sep 26 at 3:06PM
MLS# 23021742

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.

Located at 101 S Main in Winchester, this restored brick mixed-use property contains 20,548 square feet on 0.23 acres. The historic Opera House includes restaurant and bar space, ballroom and reception areas, gallery space, offices, multiple commercial kitchens, and an interior elevator. Original architectural elements include hardwood floors, large windows, exposed brick, and functioning fireplaces. The building has been renovated for continued commercial use and received the Clyde Carpenter Adaptive Reuse Award from the Bluegrass Trust Historic Preservation Commission.

The property is positioned in Downtown Winchester and includes access to water and public sewer. Neighboring streetscape improvements include $5.5 million invested in angled parking, sidewalks, and accessibility ramps, along with 13 new apartments and 10 additional apartments in development. The real estate offering does not include the operating business.

Key Highlights

  • 20,548‑square‑foot restored mixed‑use Opera House on 0.23 acres
  • Restaurant, ballroom, reception, gallery, and office areas in one property
  • Multiple commercial kitchens and an interior elevator

Property Analytics

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Current Use

Peoples Exchange Insurance Atm Peoples Exchange Bank Bank

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Skin Care Clinic Spa & Massage Center Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

651
Businesses Nearby

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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Restored brick property combines restaurant, event, gallery, and office spaces within a flexible downtown commercial setting.
Where is this mixed-use property located?
The property is located at 101 S Main Winchester, KY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 20,548‑square‑foot restored mixed‑use Opera House on 0.23 acres; Restaurant, ballroom, reception, gallery, and office areas in one property; Multiple commercial kitchens and an interior elevator
More about this property
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