1120-1140 Bypass Rd Winchester, KY 40391
- Retail properties
- 4,800 SF
- 0.98 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1120-1140 Bypass Rd
- Lot size
- 0.98 lot acres
- Property size
- 4,800 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional Winchester, KY commercial property presents a compelling investment opportunity. Located at 1120-1140 Bypass Road, this 0.98-acre site boasts a 4,800 square foot building currently leased to Sleep Outfitters, generating a strong net operating income (NOI) of $90,000 with a 5.71% cap rate. The property features B-3 zoning, allowing for versatile retail development. The existing lease provides a stable income stream with a replaceable rental income of $18.75 per square foot. The tenant is responsible for all property expenses. Utilities are readily available on-site. This prime location offers excellent visibility and accessibility, situated between Kroger and Walmart shopping centers on Bypass Road, a major thoroughfare in Winchester, the county seat of Clark County, and part of the Lexington-Fayette Metropolitan Statistical Area. The property benefits from high traffic volume due to its signalized lot and Bypass Road frontage. This offering presents a unique opportunity for investors seeking a combination of immediate income and future development potential. The property's strategic location within a thriving community supported by major employers like Clark Regional Medical Center, Ale-8-One, and Catalent Pharmaceuticals, ensures long-term value and growth potential. The asking price is $1,575,000.
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
- -84.214
- Latitude
- 37.9981
