1918 Bypass Rd Winchester, KY 40391
- Commercial real estate
- 8.40 lot acres
Current Use by Public Records
- Boost Mobile / Cell Phone Store
- Fantastic Sams Cut & Color / Beauty Supply Store / Hairdresser
Property Details for 1918 Bypass Rd
- Year built
- 1985
- Lot size
- 8.40 lot acres
- Property type
- Commercial real estate
Description
Colby Station, situated at the prime intersection of Bypass Road and Colby Road in Winchester, Kentucky, presents a compelling investment opportunity. This +/- 57,466 square foot neighborhood shopping center is situated on a sizable 8.4-acre lot, ensuring ample space for current and future tenants. The property boasts a strong tenant roster, including established national brands such as Dollar Tree, Kay Jewelers, Rent A Center, and Little Caesars, providing a stable income stream and demonstrating market demand. The diverse mix of tenants also includes local favorites like Don Senor's Restaurant and Resilience Physical Therapy, catering to a broad customer base. Scooters Coffee adds further convenience and appeal to the center. This established center offers a significant opportunity for investors seeking a well-located, income-producing asset in a growing Kentucky market. The property's size and prominent location provide excellent visibility and accessibility, making it an attractive destination for shoppers and businesses alike. The existing tenant mix offers a solid foundation for future growth and potential lease rate increases. This is an exceptional opportunity to acquire a well-established and thriving retail center in a desirable location. The asking price is $17 million.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Winchester
- County
- Clark
- State
- Kentucky
- Longitude
- -84.2071
- Latitude
- 37.9882
