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    1918 Bypass Rd Winchester, KY 40391

    Sponsored
    For Sale
    Contact for pricing

    High-traffic retail center, 8.4 acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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 Features for 1918 Bypass Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    365,904 SF

    Building Details

    Year Built
    1985
    Property Profile Location Intelligence

    Current Use by Public Records

    Boost Mobile Cell Phone Store Fantastic Sams Cut ... Hair Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Clark
    State
    Kentucky
    Longitude
    -84.2071
    Latitude
    37.98822

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic retail center, 8.4 acres
    Where is this commercial real estate located?
    The property is located at 1918 Bypass Rd Winchester, KY.
    What is the asking price?
    The asking price for this property is $17.
    (859) 721-2121
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    1918 Bypass Rd Winchester, KY 40391
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1918 Bypass Rd Winchester, KY 40391
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