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Property profile & analytics
OFF-MARKET
Commercial real estate

1918 Bypass Rd Winchester, KY 40391

8.4 ac lot Built 1985
Property ID
Property summary
AI-generated overview

Colby Station, situated at the prime intersection of Bypass Road and Colby Road in Winchester, Kentucky, presents a compelling investment opportunity. This +/- 57,466 square foot neighborhood shopping center is situated on a sizable 8.4-acre lot, ensuring ample space for current and future tenants. The property boasts a strong tenant roster, including established national brands such as Dollar Tree, Kay Jewelers, Rent A Center, and Little Caesars, providing a stable income stream and demonstrating market demand. The diverse mix of tenants also includes local favorites like Don Senor's Restaurant and Resilience Physical Therapy, catering to a broad customer base. Scooters Coffee adds further convenience and appeal to the center. This established center offers a significant opportunity for investors seeking a well-located, income-producing asset in a growing Kentucky market. The property's size and prominent location provide excellent visibility and accessibility, making it an attractive destination for shoppers and businesses alike. The existing tenant mix offers a solid foundation for future growth and potential lease rate increases. This is an exceptional opportunity to acquire a well-established and thriving retail center in a desirable location. The asking price is $17 million.

Property profile
Verified
Property type Commercial real estate
Year built 1985
Lot 8.4 ac (365,904 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Boost Mobile Mobile Phone Store Electronics & Wireless Store
  • Fantastic Sams Cut & Color Hair Salon
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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