Property profile

16 N Main St Winchester, KY 40391

FOR SALE
Commercial real estate
Property ID
US34-0297744
3,168 SF 0.23 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,310 square foot commercial property at 16 N Main Street, Winchester, KY, presents a unique opportunity for business owners. Recently and extensively renovated, this building boasts a brand-new roof, four new skylights, and beautifully exposed beams. The interior features gleaming new hardwood floors throughout. Plumbing is complete for four bathrooms, and a dedicated laundry room and back office with a window overlooking the main space are included. All electrical and plumbing systems are entirely new. A significant advantage is the property's expansive rear parking lot – the largest in the downtown area – ensuring convenient parking for both staff and customers. This prime location directly benefits from the revitalization of the area, with seven new high-end apartments under construction across the street, adding to the already vibrant mix of five restaurants and numerous shops in the immediate vicinity. The Leeds Center for the Arts is also conveniently located across the street. Furthermore, Winchester First is actively offering various business grants to support new ventures, making this an exceptionally attractive investment opportunity in a thriving downtown setting. The 0.18-acre lot provides ample space and potential for future expansion.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,168 SF
Lot 0.23 ac (10,019 SF)
Zoning code DOWNTOWN BUSINESS
APN 054-3209-015-00
UPID US34-0297744

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
  • Custom T-Shirt Store Print Shop
  • Training Center Sports School

Location

16 N Main St Winchester, KY 40391
Winchester metro Census 20105 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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