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: 5/15/2024

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.

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

View FullscreenMap

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


© Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions.