For Sale
$1,575,000

1120-1140 Bypass RdWinchester, KY 40391

High-yield retail property, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Winchester, KY commercial property presents a compelling investment opportunity. Located at 1120-1140 Bypass Road, this 0.98-acre site boasts a 4,800 square foot building currently leased to Sleep Outfitters, generating a strong net operating income (NOI) of $90,000 with a 5.71% cap rate. The property features B-3 zoning, allowing for versatile retail development. The existing lease provides a stable income stream with a replaceable rental income of $18.75 per square foot. The tenant is responsible for all property expenses. Utilities are readily available on-site. This prime location offers excellent visibility and accessibility, situated between Kroger and Walmart shopping centers on Bypass Road, a major thoroughfare in Winchester, the county seat of Clark County, and part of the Lexington-Fayette Metropolitan Statistical Area. The property benefits from high traffic volume due to its signalized lot and Bypass Road frontage. This offering presents a unique opportunity for investors seeking a combination of immediate income and future development potential. The property's strategic location within a thriving community supported by major employers like Clark Regional Medical Center, Ale-8-One, and Catalent Pharmaceuticals, ensures long-term value and growth potential. The asking price is $1,575,000.

Highlights

  • Traffic-signalized corner lot.
  • Bypass road frontage.
  • B-3 zoned retail property.
  • $90,000 annual net operating income (NOI) with two years remaining on the lease.
  • Utilities available on-site.
  • $18.75 per square foot replacement rental income.

Property Details for 1120-1140 Bypass Rd

Property type
Retail properties, Land
Square Feet
4,800 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
42,689 SF

Location Insight

City
Winchester
County
Clark
State
Kentucky
Latitude
37.99805
Longitude
-84.2139719
1120-1140 Bypass Rd, Winchester, Kentucky

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1120-1140 Bypass Rd
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