Property profile

101 Main St Winchester, KY 40391

OFF-MARKET
Commercial real estate
Property ID
US34-1642606
17,282 SF 0.59 ac lot Built 2003
Entity Owned Free & Clear
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Property summary

AI-generated overview

This stunning, fully restored historic Opera House occupies a prime downtown Winchester location at 101 S Main Street. Spanning 20,548 square feet on a 0.23-acre lot, this multi-use property presents a unique investment opportunity. Currently thriving with a successful restaurant (Loma's) operating for five years, the building also boasts gallery space, event/wedding reception areas, and office space. The extensive renovation spared no detail, resulting in a property brimming with old-world charm. Features include multiple commercial kitchens, a convenient interior elevator, elegant entertainment spaces, beautiful hardwood floors, large windows, exposed brick, and functional fireplaces. The flexible layout allows for continued operation of the existing businesses or adaptation to a new owner's specific needs and preferences. Priced at $1,750,000, this property offers significant potential for a variety of commercial ventures in a vibrant downtown setting. The building's rich history and modern amenities combine to create a truly exceptional commercial space. Its central location ensures high visibility and accessibility, making it an ideal investment for discerning buyers seeking a unique and profitable property.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2003
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 17,282 SF
Lot 0.59 ac (25,700 SF)
Zoning code DOWNTOWN BUSINESS
APN 054-3108-008-00
UPID US34-1642606

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm Bank
  • Bank Loan Service

Location

101 Main St Winchester, KY 40391-2607
Winchester metro Census 20202 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.57M
Comparable Approach Comparable
$2.03M
Blend (final) Blend
$2.30M

Owner & transaction history

Zoning & alternative use

DOWNTOWN BUSINESS · Winchester, KY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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