For Sale
$995,000

1638 Winchester Ave Ashland, KY 41101

Historic 4-Story Building, Endless Potential

Overview

Added:
Dec 11, 2024
Days on market:
138
This iconic, four-story building at 1638 Winchester Avenue in Ashland, Kentucky, presents a unique investment opportunity. Built in 1917, this approximately 10,000-15,000 square foot structure, primarily constructed of concrete and steel, boasts a rich history as a department store, restaurant, and bar (formerly Corbie's and the Jockey Club, and known historically as the Parsons Furniture building). Located on a corner lot in a revitalizing downtown area with increasing foot traffic and a nearly completed streetscape, the property benefits from its placement within an Opportunity Zone. The building features approximately 7,100 square feet per floor (excluding the basement, which is approximately 5,500 square feet). While the windows are currently covered (except for the rear), they remain intact. Two elevators (one freight, one passenger) are present but require service/repair. The asking price is $995,000, with an occupancy date of August 14, 2024. This landmark property offers immense potential for various uses, including a boutique hotel, luxury apartments, vibrant retail spaces, or any other vision an investor may have. Its prime location and historic character make it a cornerstone of downtown Ashland, ready for a creative reimagining that preserves its unique charm and maximizes its investment potential.

Highlights

  • $995,000 asking price for a 10,000-15,000 square foot retail property.
  • Located at 1638 Winchester Ave, Ashland, KY 41101.
  • Four-story building with basement, built in 1917, previously used as a department store, restaurant, and bar.
  • Situated on a corner lot in a high-traffic downtown area within an Opportunity Zone.
  • Features two elevators (one freight, one passenger) needing service/repair.

Property Details for 1638 Winchester Ave

Property type
Retail properties, Restaurants
Square Feet
10,000 SF
Year Built
1917

Location Insight

City
Ashland
County
Boyd
State
Kentucky
Latitude
38.478205766674
Longitude
-82.638611822692

FAQs

What type of property is this?
Retail property - Historic 4-Story Building, Endless Potential
Where is the retail property located?
The property is located at 1638 Winchester Ave Ashland, KY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: $995,000 asking price for a 10,000-15,000 square foot retail property.; Located at 1638 Winchester Ave, Ashland, KY 41101.; Four-story building with basement, built in 1917, previously used as a department store, restaurant, and bar.
How can I contact the broker?
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1638 Winchester Ave
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