1120-1140 Bypass RdWinchester, KY 40391

Property Details for 1120-1140 Bypass Rd

Lot size

0.98 AC

Property size (Sq ft)

4,800 SF

Property type

Retail properties

Property subtype

Land

Description

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.

Location Insight

City

Winchester

County

Clark

State

Kentucky

Latitude

37.9981

Longitude

-84.214

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