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    Property profile & analytics
    OFF-MARKET Estimated value $2,300,000
    Commercial real estate

    101 Main St, Winchester, KY 40391-2607

    17,282 SF 0.59 ac lot Built 2003
    Entity Owned Free & Clear
    Property ID
    US34-1642606
    Property summary
    AI-generated overview

    This stunning, fully restored historic Opera House occupies a prime downtown Winchester location at 101 S Main Street. Spanning 20,548 square feet on a 0.23-acre lot, this multi-use property presents a unique investment opportunity. Currently thriving with a successful restaurant (Loma's) operating for five years, the building also boasts gallery space, event/wedding reception areas, and office space. The extensive renovation spared no detail, resulting in a property brimming with old-world charm. Features include multiple commercial kitchens, a convenient interior elevator, elegant entertainment spaces, beautiful hardwood floors, large windows, exposed brick, and functional fireplaces. The flexible layout allows for continued operation of the existing businesses or adaptation to a new owner's specific needs and preferences. Priced at $1,750,000, this property offers significant potential for a variety of commercial ventures in a vibrant downtown setting. The building's rich history and modern amenities combine to create a truly exceptional commercial space. Its central location ensures high visibility and accessibility, making it an ideal investment for discerning buyers seeking a unique and profitable property.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2003
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 17,282 SF
    Lot 0.59 ac (25,700 SF)
    Zoning code DOWNTOWN BUSINESS
    APN 054-3108-008-00
    UPID US34-1642606
    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
    • Peoples Exchange Insurance Atm Bank
    • Peoples Exchange Bank Bank Loan Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.57M
    Comparable Approach Comparable
    $2.03M
    Blend (final) Blend
    $2.30M
    Owner & transaction history
    PEOPLES EXCHANGE BANK BEATTYVILLE KY
    PEOPLES EXCHANGE BANK BEATTYVILLE KY
    Zoning & alternative use
    DOWNTOWN BUSINESS · Winchester, KY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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