10 Court St Winchester, KY 40391
This 1,800 square foot commercial property is situated in the heart of Winchester, Kentucky's Courthouse Square. Previously used as office space, it's ideally suited for a variety of uses, including retail. The space boasts three spacious offices and two bathrooms. Significant renovations are underway, both within the unit and throughout the building, including exterior improvements and renovations to the upper three floors. This presents a unique opportunity to establish a business in a revitalized, historic setting. The property sits on a 0.1-acre lot and benefits from its location in a thriving downtown area, close to numerous local businesses such as the Leeds Center for the Arts, Engine House Pizza, La Trattoria, Loma's, The Hall Coffee & Social Club, and various boutiques. Winchester's strategic location, just 18 miles east of Lexington and with convenient access to I-64, offers easy access to a larger city's amenities while maintaining a charming small-town atmosphere. Furthermore, the city's economic development initiative, Winchester First, is offering substantial grants to incentivize new businesses, making this an attractive investment opportunity. The addition of over 30 new, high-end apartments to the downtown area further enhances the property's potential and the surrounding area's vibrancy. This is a rare chance to own a piece of Winchester's revitalized downtown core.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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