1500 Winchester AveAshland, KY 41101

This exceptional mixed-use property, located at 1500 Winchester Avenue in Ashland, Kentucky, presents a unique investment opportunity. Boasting 28,500 square feet across four stories, this 1932 building offers a blend of commercial and residential space. The asking price is $1,600,000, translating to $56.14 per square foot. The property is currently undergoing renovation, with floors two through four partially completed. These floors feature seven residential units: three two-bedroom units and one one-bedroom unit on each floor. A rooftop area provides potential for a deck or social space. The main floor and mezzanine have been prepped for development, offering considerable flexibility for future tenants or owners. Existing plans are available, or the space can be customized to individual needs. Many materials needed to complete the renovation are already on-site. The building's prime downtown Ashland location offers easy access to local amenities. The estimated occupancy date is February 23, 2024. This property combines gorgeous architecture with significant upside potential, making it an attractive investment for owner-users seeking a unique and versatile space. The building's character and charm are undeniable, and the partially completed state allows for customization and immediate value-add opportunities.