7850 Veterans Memorial Pkwy Winchester, KY 40391
This exceptional 94.41-acre tract presents a remarkable opportunity for mixed-use development in Winchester, Kentucky. Strategically located approximately half a mile from the I-64 interchange, this property boasts unparalleled visibility and accessibility. The site sits at the signalized intersection of Mt. Sterling Road (US Highway 60) and Veterans Memorial Parkway (KY Highway 1958), offering extensive road frontage exceeding 3,500 feet on Veterans Memorial Parkway and 1,600 feet on Mt. Sterling Road. A preliminary conceptual development plan outlines a versatile zoning scheme, encompassing 54.8 acres designated for Light Industrial (I-1), 13.7 acres for General Business (B-4), and 18.6 acres allocated for Multi-Family residential development. An additional 7.3 acres are reserved for green space, enhancing the overall aesthetic appeal and functionality of the development. All utilities are readily available at or near the site, simplifying infrastructure integration and expediting the development process. This prime location, combined with its substantial size and flexible zoning, makes this property an exceptional investment opportunity for developers seeking a high-impact project with significant long-term potential. The asking price is $2,800,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.