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

Other commercial real estate

Property subtype

Other retail properties

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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