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    1518 Bypass Rd Winchester, KY 40391

    Sponsored
    For Lease
    $19 SF/Yr

    High-traffic retail space available in KY.

    Lot size:
    53,989 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Kroger Plaza, located at 1518 Bypass Rd, Winchester, KY 40391, presents a prime retail investment opportunity. This 53,989 square foot strip center boasts a strong tenant mix, including prominent anchors like Bealls and Cato, alongside national brands such as Papa John's Pizza, Sun Tan City, Kort Physical Therapy, Sally Beauty Supply, Great Clips, and The UPS Store. The center enjoys a highly visible location on the west side of Bypass Road at Highway 1958, placing it within Winchester's primary retail corridor, ensuring high foot traffic and excellent visibility. Currently, one retail space of 1,000 square feet is available, ideal for a variety of businesses seeking a well-established location with strong co-tenancy. The property's strategic placement and established tenant base offer a compelling opportunity for businesses looking to thrive in a bustling retail environment. This multi-tenant property provides a stable investment with potential for significant returns. The available space presents a chance to join a successful retail center in a thriving Kentucky community. Further details are available upon request.

    Property Features for 1518 Bypass Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    53,989 SF
    Total Rate
    85482.58

    Unit(s) available at that property

    Space
    Suite 1565
    Size
    1,000 SF
    Rate per SF
    $19

    HighLights

    • Kroger Plaza, a 53,989 square foot strip center in Winchester, KY, offers a prime retail investment opportunity.
    • The center features a strong tenant mix including Bealls, Cato, Papa John's Pizza, and other national brands.
    • Located on Bypass Road (Highway 1958), the property benefits from high visibility and foot traffic in Winchester's main retail corridor.
    • One 1,000 square foot retail space is currently available for lease.
    • This multi‑tenant property provides a stable investment with strong potential for returns.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Clark
    State
    Kentucky
    Longitude
    -84.217281273678
    Latitude
    37.994618413309

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space available in KY.
    Where is this neighborhood center located?
    The property is located at 1518 Bypass Rd Winchester, KY.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Kroger Plaza, a 53,989 square foot strip center in Winchester, KY, offers a prime retail investment opportunity.; The center features a strong tenant mix including Bealls, Cato, Papa John's Pizza, and other national brands.; Located on Bypass Road (Highway 1958), the property benefits from high visibility and foot traffic in Winchester's main retail corridor.
    Request Owner's contact information
    1518 Bypass Rd Winchester, KY 40391
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    Winchester, KY 40391
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1518 Bypass Rd Winchester, KY 40391
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