Active
1120-1140 Bypass Road
Winchester KY, 40391
$1,575,000
Active
Commercial
Listed by Gregory Leveridge with Block + Lot Real Estate
This unique offering can combine both properties into one sale as they are contiguous properties and owned by the same seller. Would be an effective way for a developer to acquire the 1140 Bypass Rd. property as an investment property, providing in-place income from Sleep Outfitters to help offset the development costs of the 1120 Bypass Rd. vacant lot.
The seller is entirely open to independent sales of the two properties, or a collective sale. Contact agent for more details on the Sleep Outfitters Lease, and other questions.
Property Highlights:
- Traffic signaled lot
- Bypass frontage
- B-3 retail zoning
- $90K NOI, 2-year term remaining
- Utilities to site
- Replaceable rental income at $18.75 PSF
- Tenant responsible for all property expenses
Ideally located along the heart of Bypass Road in Winchester, Kentucky between Kroger and Walmart Shopping Centers.
Winchester, Kentucky is the county seat of Clark County, Kentucky and is part of the Lexington-Fayette Kentucky Metropolitan Statistical Area. It is supported by such industries as Clark Regional Medical Center, Ale-8-One, and Catalent Pharmaceuticals.
24020722
MLSⓇ ID
October 1, 2024
Listed
December 5, 2024
Updated
Map
1120-1140 Bypass Road
Winchester KY, 40391
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.98 Acres
Other Property Details
Area Name
007 - Clark County
Days on Market
52
Garage
No
View
No
County
Clark
Pool
No
Listing Contact:
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Data last updated on 12/5/2024 at 5:25 PM UTC