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    272 Redwing Dr Winchester, KY 40391

    Sponsored
    For Lease
    $15 SF/Yr

    Prime Retail Space Available in KY

    Lot size:
    17,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Colby Ridge Center, located at 272 Redwing Dr, Winchester, KY 40391, presents a fantastic retail investment opportunity. This 17,500 square foot strip center offers multiple tenancy options within a thriving retail corridor. Currently, 3,500 square feet of retail space is available, divisible into units as small as 1,750 square feet, with a maximum contiguous space of 1,750 square feet. The property is conveniently situated near major retailers, including Kroger, Bealls, Hibbett Sports, Lowe's, Rural King, and Planet Fitness, ensuring high visibility and foot traffic. Its location on Redwing Dr, with cross access to Bypass Road, provides excellent accessibility for customers. The center is situated in Clark County, Kentucky, offering a strong market for retail businesses. This is an ideal location for businesses seeking high-traffic exposure and a strong customer base. The available space is perfect for a variety of retail uses, providing a chance to establish a presence in a bustling commercial area. The property's strategic location and proximity to established retailers make it an attractive option for businesses looking to expand or establish a new location in Winchester, Kentucky. This is a rare opportunity to secure prime retail space in a high-demand area.

    Property Features for 272 Redwing Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,500 SF
    Total Rate
    21875

    Unit(s) available at that property

    Space
    Suite 244
    Size
    1,750 SF
    Rate per SF
    $15
    Space
    Suite 264
    Size
    1,750 SF
    Rate per SF
    $15

    HighLights

    • 17,500 SF Kroger‑shadow anchored retail center.
    • 1,750 SF turn‑key office space (Suite 244) available.
    • 1,750 SF retail space (Suite 264) available December 1, 2024.
    • Prime retail corridor location with close I‑64 proximity.
    • Strong co‑tenancy including Kroger, Bealls, Hibbett Sports, Lowe's, Rural King, and Planet Fitness.
    • High traffic counts: 20,942 VPD on Bypass Road and 40,128 VPD on I‑64.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Practice Consulting ... Medical Billing Service Littrell Homes Inc Real Estate Rental Agency

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -84.2178749
    Latitude
    37.99358718

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space Available in KY
    Where is this neighborhood center located?
    The property is located at 272 Redwing Dr Winchester, KY.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 17,500 SF Kroger-shadow anchored retail center.; 1,750 SF turn-key office space (Suite 244) available.; 1,750 SF retail space (Suite 264) available December 1, 2024.
    Request Owner's contact information
    272 Redwing Dr 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
    272 Redwing Dr Winchester, KY 40391
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