1140 Bypass RdWinchester, KY 40391

Property Details for 1140 Bypass Rd

Year built

1990

Construction

STEEL FRAME

Lot size

0.50 AC

Property size (Sq ft)

3,126 SF

Zone code

HIGHWAY BUSINESS

Property type

Other commercial real estate

APN

043-1001-006-03

APU

43100100603

Description

This exceptional commercial property, located at 1140 Bypass Road in Winchester, Kentucky, presents a rare investment opportunity. The 4,800 square foot building sits on a half-acre lot at a highly visible, signaled corner along Bypass Road, between Kroger and Walmart shopping centers. Currently occupied by Sleep Outfitters under a lease extending to March 31, 2031, this property offers significant long-term income potential. The existing lease provides a 7% capitalization rate based on 2025 rent, increasing to 7.35% effective April 2026 following a scheduled rent increase. The net operating income (NOI) is projected at $90,000 for 2025, rising to $94,000 in April 2026. The property is already subdivided and can be sold as a standalone 0.5-acre parcel. Its strategic location in Winchester, the county seat of Clark County and part of the Lexington-Fayette metropolitan area, benefits from a strong local economy supported by major employers such as Clark Regional Medical Center, Ale-8-One, and Catalent Pharmaceuticals. Winchester offers a desirable blend of small-town charm and convenient access to the amenities of Lexington, located just 20 miles away. This property is an ideal investment for those seeking a stable, high-yield asset in a thriving Kentucky community.

Location Insight

City

Winchester

County

Clark

State

Kentucky

Latitude

37.9979

Longitude

-84.2141

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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