1015 Winchester Rd Lexington, KY 40505
- Drive through restaurants
- 2,104 SF
- 0.43 lot acres
Current Use by Public Records
- Sakura 12 Japanese Restaurant / Japanese Restaurant / Chinese Restaurant
- Ninja Grill / Restaurant
Property Details for 1015 Winchester Rd
- Year built
- 1982
- Lot size
- 0.43 lot acres
- Property size
- 2,104 SF
- Zone code
- B-3
- Property type
- Drive through restaurants
- APN
- 26317200
- APU
- 26317200
Description
This exceptional investment opportunity presents a 2,100-square-foot freestanding restaurant building with a drive-thru, ideally situated in Lexington, Kentucky. Located at the highly visible corner of Winchester Road and East Loudon Avenue, this property benefits from a daily traffic count exceeding 23,638 vehicles. The single-story building sits on a 0.43-acre lot and offers convenient access via two points, along with ample parking for 15 vehicles. Currently leased to a restaurant tenant, the lease has a remaining term of approximately 4.9 years, expiring September 29, 2029, with an annual rent of $78,000. The tenant is responsible for insurance and common area maintenance, while property taxes are covered by the landlord. This property enjoys excellent visibility and accessibility, with easy connections to New Circle Road, downtown Lexington, Hamburg, and Interstates 75/64. The B-3, Highway Business zoning designation further enhances its versatility and potential. The asking price for this turnkey investment is $1,200,000. This prime location and strong lease terms make this a compelling opportunity for investors seeking a stable, high-traffic commercial property in a thriving Kentucky market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $560,000
- 6.5%
- $555,000
- 7%
- $495,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $500,000
- Geo Method
- $555,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $580,000
- Retail
- $650,000
- Mixed-Use
- $485,000
- Hospitality
- $615,000
- Educational
- $570,000
- Residential Income
- $495,000
- Energy
- $570,000
- Income-Based Land
- $570,000
- Food Service
- $545,000
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.4668
- Latitude
- 38.0423
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
