Description
Rarely available Bypass frontage property at signaled corner for sale! This offering is already subdivided as a 0.50-acre lot and can be sold as such with the Sleep Outfitters tenancy and lease in place, or in conjunction with the adjacent property at 1120 Bypass Road that is 0.48 acres of contiguous land.Property Highlights:- Traffic signaled lot- Bypass frontage- B-3 retail zoning- $90K NOI, 2-year term remaining- 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.Winchester, KY is a vibrant community located just 20 miles east of Lexington, offering a small-town feel with easy access to the amenities of a larger city. Positioned along I-64, it provides seamless connectivity to major interstates, making it a strategic location for businesses.
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0BEDS
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0.5ACRES
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0BATHS
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01/2 BATHS
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4,800SQFT
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$234$/SQFT
School Ratings & Info
Description
Rarely available Bypass frontage property at signaled corner for sale! This offering is already subdivided as a 0.50-acre lot and can be sold as such with the Sleep Outfitters tenancy and lease in place, or in conjunction with the adjacent property at 1120 Bypass Road that is 0.48 acres of contiguous land.Property Highlights:- Traffic signaled lot- Bypass frontage- B-3 retail zoning- $90K NOI, 2-year term remaining- 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.Winchester, KY is a vibrant community located just 20 miles east of Lexington, offering a small-town feel with easy access to the amenities of a larger city. Positioned along I-64, it provides seamless connectivity to major interstates, making it a strategic location for businesses.
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Listing provided courtesy of Gregory Leveridge of Block + Lot Real Estate: (859) 309-0099 . Listing information © 2024 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.