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Property profile & analytics
OFF-MARKET
Commercial real estate

10 Court St Winchester, KY 40391

1,800 SF 0.1 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Total area 1,800 SF
Lot 0.1 ac (4,356 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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