Paris Village Shopping Center For
2000-2236 Paris By-Pass, Paris, KY 40361
For Sale
Contact for pricing
120,784 SF shopping center anchored by Save-A-Lot Grocery.
Property Size120,784 SF
Days on Market355
Property Features for 2000-2236 Paris By-Pass
General Information
Standard status
Size
Property subtype
Lease Term
Building Details
Building Size
Properties For Sale
at 2000-2236 Paris By-Pass Contact usSuite 1a
Size
14,024 SF
Type
Neighborhood Center
Term
Negotiable
Suite 6
Size
4,500 SF
Type
Neighborhood Center
Term
Negotiable
Suite 7
Size
1,200 SF
Type
Neighborhood Center
Term
Negotiable
Listed By:
Paul Ray Smith, Jr · License KY #183529
(859) 420-2200
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Nov 6
Last Checked: Nov 10 at 5:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paul Ray Smith, Jr
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Paris Village Shopping Center is a 120,784 square foot neighborhood shopping center anchored by Save-A-Lot Grocery, located in Paris, Kentucky. Co-tenants include Save-A-Lot, Fastenal, H&R Block and Subway. Nearby retailers include Tractor Supply and Walmart Supercenter. The property has ample parking and marquee signage available. Second generation restaurant space is available. The location has an annual average daily traffic count of 16,924 in front of the site. Paris is located in the heart of Kentucky's Bluegrass region, approximately 17 miles from Lexington, and is the county seat of Bourbon County. Paris is known for horses, history and hospitality. Bourbon County was one of the nine counties that made up Kentucky when it became a state in 1792. The city is named for Paris, France and the county is named for the French Bourbon family.
Key Highlights
- Anchored by Save‑A‑Lot Grocery, attracting consistent customer traffic.
- High traffic location with 16,924 ('24) annual average daily traffic.
- Located near major retailers like Tractor Supply and Walmart Supercenter.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,149,323
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,986,460
$23.0M
Cap Rate 7%
$16,418,900
$16.4M
Cap Rate 9%
$12,770,256
$12.8M
Market Conditions
NOI Build-Up for 120,784 SF
Gross rent
$1.74M $14.40/SF
− Vacancy
−$97.4K −$0.81/SF
EGI
$1.64M $13.59/SF
− OpEx
−$492.6K −$4.08/SF
NOI
$1.15M $9.52/SF
Area
Bourbon County, KY
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,986,460
Cap Rate 7%
$16,418,900
Cap Rate 9%
$12,770,256
Alternative Uses
Best Use
Specialty Retail
$19.18M
$16.78M – $22.38M
NOI $1,342,514 @ 7.0% cap
Second Best
Retail
$16.42M
$14.37M – $19.16M
NOI $1,149,323 @ 7.0% cap
Theoretical Best
Office A
$30.61M
$26.79M – $35.71M
NOI $2,142,805 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 40361, KY
18,214
Population
8,173
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
87%
High-School Grad
257.1 sq mi
ZIP Area
71
Density / Sq Mi
$57,074
Median Household Income
$36,206
Median Earnings
$793
Median Rent
$216,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - 120,784 SF shopping center anchored by Save-A-Lot Grocery.
Where is this strip mall located?
The property is located at 2000-2236 Paris By-Pass Paris, KY.
What are key features of this property?
This property features: Anchored by Save‑A‑Lot Grocery, attracting consistent customer traffic.; High traffic location with 16,924 ('24) annual average daily traffic.; Located near major retailers like Tractor Supply and Walmart Supercenter.
