155 April Way Winchester, KY 40391
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.