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 1, 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 10/1/2024. 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.

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Data last updated on 10/1/2024 at 9:34 PM UTC

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