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    155 April Way Winchester, KY 40391

    For Sale
    $1,000,000

    Prime Commercial Land, Bypass Road, Winchester, KY

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3.02-acre commercial land parcel presents a unique investment opportunity in Winchester, Kentucky. Ideally situated on April Way and Colby Road, this property boasts high visibility and accessibility, strategically positioned between Bypass Road's bustling commercial activity and a substantial residential population. The lot is zoned P-1, offering flexibility for a variety of commercial developments. Its location is highly advantageous, nestled between established retail giants such as Kroger and Walmart shopping centers, ensuring significant foot traffic and brand recognition. The property's address is 155 April Way, Winchester, KY 40391, within Clark County. Winchester benefits from a strong economic base, supported by major employers including Amazon, Ale-8-One, and Catalent Pharmaceuticals. This location within the Lexington-Fayette KY Metropolitan Statistical Area further enhances its appeal and potential for growth. The property's size allows for potential subdivision, creating additional development opportunities. The asking price for this prime commercial land is $1,000,000. The parcel's APN is 043-0000-003-09. Don't miss this chance to acquire a highly desirable commercial property in a thriving Kentucky market.

    Property Features for 155 April Way

    General Information

    Property type
    Land
    Lot Size
    131,551 SF

    HighLights

    • Excellent proximity to Kroger and Walmart shopping centers.
    • High‑density residential neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Clark
    State
    Kentucky
    Longitude
    -84.209483
    Latitude
    37.986

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Bypass Road, Winchester, KY
    Where is this land located?
    The property is located at 155 April Way Winchester, KY.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Excellent proximity to Kroger and Walmart shopping centers.; High-density residential neighborhood.;
    (859) 421-8959
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    155 April Way 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
    155 April Way Winchester, KY 40391
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