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Property profile & analytics
OFF-MARKET Estimated value $715,000
Commercial real estate

1016 Winchester Rd Irvine, KY 40336-8785

7,800 SF 1.08 ac lot
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US34-1818209
Property summary
AI-generated overview

This exceptional 7,800 square foot retail space is ideally situated on a busy Kentucky State Highway (KY 89), offering unparalleled visibility and high-traffic exposure for your business. Located in Irvine, KY, this property boasts large storefront windows, perfect for showcasing your products and attracting customers. The space includes three-phase electric power, accommodating a variety of retail operations. Separate male and female restrooms ensure convenience for both staff and customers. A dedicated office area equipped with high-speed internet provides a functional space for business management. The property sits on a 1.08-acre lot and benefits from its location in Estill County, a community with nearly 15,000 residents. The strategic location provides access to a significant volume of traffic traveling to and from Winchester, Richmond, Ravenna, and beyond, via KY 89. Furthermore, the property enjoys convenient proximity to major interstates, including I-75, I-64, and the Kentucky Mountain Parkway, all within a 30-minute radius, enhancing accessibility for both employees and customers. This prime retail space presents a remarkable opportunity for businesses seeking high visibility and convenient access in a thriving community. The asking price is $5850 (lease rate details to be discussed).

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction STEEL FRAME
Total area 7,800 SF
Lot 1.08 ac (47,132 SF)
APN 070-20-00-049.02
UPID US34-1818209
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
  • Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$646k
Blend (final) Blend
$715k
Owner & transaction history
Meades Incorporated · 2 yrs held
Meades Incorporated
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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