Mixed-Use Property with Income
For Sale
$435,000
35-37 Hays Street, Winchester, KY 40391
Commercial Sale, Winchester, KY
Property Size1,440 SF
Lot Size0.13 Acres
Price / SF$302.08
Days on Market251
Property Features for 35-37 Hays Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
R-1C
Subdivision
Stuarts Addition
Directions
Follow I-75 N and KY-627 N to Belmont Ave in Winchester, Take exit 95 for KY-627 toward Winchester/Boonesborough, Turn left onto Nunnelly Ct, Destination will be on the left
Standard status
Active
APN
054-1028-021-00
Size
1,440 SF
Lot size
0.13 Acres
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Building Details
Year built
1950
Floors in Building
2
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Composition
Listing Agency:
Lifstyl Real Estate
(859) 278-7501
Listed By:
Cheri Shaffer
(859) 489-2729
Added: Feb 1
Changed: Oct 2
Last Checked: Oct 10 at 9:06AM
MLS# 26002170
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes a commercial building previously operated as a neighborhood market and described as spanning over 3,000 square feet. The commercial space is equipped with a full kitchen and a laundry area, supporting a flexible layout for a variety of business uses.
Also included is a separate 3-bedroom residential home at 35 Hays, which is currently income-producing and leased through 2027. The property is zoned R-1C and is located at 35-37 Hays Street in Winchester, Kentucky (40391) within Clark County.
Also included is a separate 3-bedroom residential home at 35 Hays, which is currently income-producing and leased through 2027. The property is zoned R-1C and is located at 35-37 Hays Street in Winchester, Kentucky (40391) within Clark County.
Key Highlights
- Mixed‑use property with commercial building over 3,000 SF plus a separate 3‑bedroom residential home at 35 Hays
- 3‑bedroom home is currently income‑producing and leased through 2027
- Commercial space includes a full kitchen and laundry area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,910
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,200
$278.2K
Cap Rate 7%
$198,714
$198.7K
Cap Rate 9%
$154,556
$154.6K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$24.2K $16.80/SF
− Vacancy
−$1.9K −$1.34/SF
EGI
$22.3K $15.46/SF
− OpEx
−$8.3K −$5.80/SF
NOI
$13.9K $9.66/SF
Area
Clark County, KY
Vacancy
8.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,200
Cap Rate 7%
$198,714
Cap Rate 9%
$154,556
Alternative Uses
Best Use
Mixed Use
$198.7K
$173.9K – $231.8K
NOI $13,910 @ 7.0% cap · market cap 3.20%
Second Best
Retail
$195.7K
$171.3K – $228.4K
NOI $13,702 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$365.0K
$319.3K – $425.8K
NOI $25,547 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Explore this area
Business Placement
Demographics for 40391, KY
36,461
Population
16,125
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
90%
High-School Grad
237.3 sq mi
ZIP Area
154
Density / Sq Mi
$67,910
Median Household Income
$40,323
Median Earnings
$884
Median Rent
$197,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with a kitchen and laundry area plus a separate 3-bedroom residence leased through 2027.
Where is this mixed-use property located?
The property is located at 35-37 Hays Street Winchester, KY.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Mixed‑use property with commercial building over 3,000 SF plus a separate 3‑bedroom residential home at 35 Hays; 3‑bedroom home is currently income‑producing and leased through 2027; Commercial space includes a full kitchen and laundry area
