101 Main St, Winchester, KY 40391-2607
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.
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Peoples Exchange Insurance Atm Bank
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Peoples Exchange Bank Bank Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DOWNTOWN BUSINESS · Winchester, KYWinchester. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.