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 expensesIdeally 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
October 9, 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
Garage
No
View
No
County
Clark
Pool
No
Zoning
B-3
Listing Contact:
The IDX display contains information sourced from the Bluegrass REALTORS® as of 10/9/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 Bluegrass REALTORS® all rights reserved.
Data last updated on 10/9/2024 at 5:15 PM UTC