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    1015 Winchester Rd Lexington, KY 40505

    Sponsored
    For Sale
    $1,200,000

    Freestanding Restaurant, High Traffic Area

    Property size:
    2,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 2,100-square-foot freestanding restaurant building with a drive-thru, ideally situated in Lexington, Kentucky. Located at the highly visible corner of Winchester Road and East Loudon Avenue, this property benefits from a daily traffic count exceeding 23,638 vehicles. The single-story building sits on a 0.43-acre lot and offers convenient access via two points, along with ample parking for 15 vehicles. Currently leased to a restaurant tenant, the lease has a remaining term of approximately 4.9 years, expiring September 29, 2029, with an annual rent of $78,000. The tenant is responsible for insurance and common area maintenance, while property taxes are covered by the landlord. This property enjoys excellent visibility and accessibility, with easy connections to New Circle Road, downtown Lexington, Hamburg, and Interstates 75/64. The B-3, Highway Business zoning designation further enhances its versatility and potential. The asking price for this turnkey investment is $1,200,000. This prime location and strong lease terms make this a compelling opportunity for investors seeking a stable, high-traffic commercial property in a thriving Kentucky market.

    Property Features for 1015 Winchester Rd

    General Information

    Property type
    Restaurants
    Square Feet
    2,100 SF
    Lot Size
    18,731 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 2,100 SF freestanding restaurant building with drive‑thru.
    • Located at Winchester Road and E. Loudon Avenue intersection.
    • High traffic count exceeding 23,638 vehicles per day on Winchester Road.
    • Excellent visibility and two access points with 15 parking spaces.
    • Existing lease expiring September 30, 2029.
    • $78,000 annual rent; tenant pays NNN; landlord pays property taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sakura 12 Japanese ... Japanese Restaurant Ninja Grill Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4668759
    Latitude
    38.0423618

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    FAQs

    What type of property is this?
    Restaurant - Freestanding Restaurant, High Traffic Area
    Where is this restaurant located?
    The property is located at 1015 Winchester Rd Lexington, KY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 2,100 SF freestanding restaurant building with drive-thru.; Located at Winchester Road and E. Loudon Avenue intersection.; High traffic count exceeding 23,638 vehicles per day on Winchester Road.
    Request Owner's contact information
    1015 Winchester Rd Lexington, KY 40505
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    Lexington, KY 40505
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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
    1015 Winchester Rd Lexington, KY 40505
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