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    155 April Way Winchester, KY 40391

    Sponsored
    For Sale
    $1,350,000

    High-traffic location, development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 3.02-acre commercial property presents a unique investment opportunity in Winchester, Kentucky. Ideally situated along April Way and Colby Road, two major connector roads, it benefits from high visibility and accessibility. The land is strategically positioned between the bustling commercial activity of Bypass Road (with an average daily traffic count of 24,801) and a substantial residential population. The property's location between Kroger and Walmart shopping centers ensures high foot traffic and consumer visibility. The site is currently offered as a single 3-acre parcel but has the potential for subdivision into smaller lots, offering flexibility for various development scenarios. Winchester, KY, the county seat of Clark County, is part of the Lexington-Fayette KY Metropolitan Statistical Area, a region supported by significant industries including Amazon, Ale-8-One, and Catalent Pharmaceuticals, providing a strong economic foundation for the area. This prime location offers excellent potential for a variety of commercial uses, capitalizing on the high traffic counts and proximity to established retail giants. The property's size and location make it an attractive prospect for developers seeking to establish a new commercial venture or expand existing operations within a thriving community. The potential for subdivision allows for tailored development plans to meet specific needs and maximize return on investment.

    Property Features for 155 April Way

    General Information

    Property type
    Other commercial real estate
    Lot Size
    131,551 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Clark
    State
    Kentucky
    Longitude
    -84.20949
    Latitude
    37.986

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, development potential.
    Where is this commercial real estate located?
    The property is located at 155 April Way Winchester, KY.
    What is the asking price?
    The asking price for this property is $1,350,000.
    (859) 309-0099
    Request Owner's contact information
    155 April Way 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
    155 April Way Winchester, KY 40391
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