Catylist ID:
#30860525
Winchester Opera House
Retail-Commercial
for Sale
Also listed as Office, Business Opportunity
| Catylist Listing ID: | 30860525 |
| Property Subtypes: | Free-Standing Building, Restaurant, Other |
| Building Size (RSF): | 20,548 SF |
| Gross Land Area: | 0.23 Acres |
| Sale Price: | $1,750,000 |
| Unit Price: | $85.17 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User, Business |
| Building Name: | Winchester Opera House |
| Usable Size (USF): | 20,548 SF |
| Sale Terms: | Undisclosed |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/15/2024 |
Overview / Comments
|
101 S. Main Street is a fully-restored historic Opera House in the heart of Downtown Winchester. Now functioning in a multiple use capacity, including gallery space, 5-years-running successful restaurant space (Loma's), wedding event and reception space, and office space. No detail was overlooked in this extensive renovation, now inclusive of multiple commercial kitchens, interior elevator, gracious entertainment spaces, and an abundance of old-world charm through hardwood floors, large windows, exposed brick, and functioning fireplaces. In fact, the Opera House renovations earned the Clyde Carpenter Adaptive Reuse Award from the Bluegrass Trust Historic Preservation Commission. This offering is extremely flexible in that the new owner can step in and operate in the same uses already in place or use the flexible layouts for its own preferences. It is also in the Opportunity Zone, and Winchester First offers numerous grants for both renovations and business development should a buyer wish to participate. Property Highlights: - Home of the successful and delicious Loma's at the Opera House restaurant and bar, and The Winchester Opera House Ballroom, Gallery, and Studios - Ideally located in the heart of Downtown Winchester - Can parlay into a multiple property purchase from the same sellers, all conducive to event planning, including two rental homes, a small church, and 100 Moundale Ave which is a beautiful 10,000 SF+ home with income potential through events and lodging. |
Attachments & Media
Additional Details
| Nearest MSA: | Lexington-Fayette |
| County: | Clark |
| Tax ID/APN: | 054-3218-001-00 |
| Zoning: | B-2 |
| Retail Clientele: | General, Family, Tourist, Convention |
| Property Located Between: | S. Main Street and E. Lexington Avenue |
| Property Visibility: | Excellent |
| Largest Nearby Street: | S. Main Street |
| Site Description: | Located in the heart of Downtown Winchester, close to popular shops, restaurants, churches, banks, and various businesses. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Construction/Siding: | Brick |
| Passenger Elevators: | 1 |
| Zoning Description: | B-2 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 3,575 | 21,418 | 27,914 |
| Median Age: | 38.4 | 39.18 | 39.1 |
| Households: | 1,466 | 8,706 | 11,257 |
Contact
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