101 S Main, Winchester, KY 40391
Downtown · Clark County
Key Facts
Description
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, 7-years-running successful restaurant space, 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 Comm. This offering is extremely flexible in that a new owner can step in and operate the same uses already in place, including Lease Back potential from Loma's which is owner occupied, or use the flexible layouts for its own preferences. It is also in the Opportunity Zone, and Downtown Winchester KY offers numerous grants for both renovations and business development should a buyer wish to participate. *Business purchase is not included in the real estate offering. Property Highlights: -Home of the successful and delicious Loma's at the Opera House restaurant and bar, and The Winchester Opera House Ballroom -Ideally located in the heart of Downtown Winchester -The property benefits from the City of Winchester's investment in neighboring High Side Improvement Project with included $5.5 million invested in new angled parking, new sidewalks and added ramps, making the downtown area more accessible as well as 13 new high-end apartments with 10 more in development.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Stories
3
Living Area
20,548 sq ft
Lot Size
0.23 acres
Zoning
Other
MLS® Listing#
23021742
Property Features
Construction
Utilities
Sewer
Financial Details
Parcel Number
054-3218-001-00
Directions
Eastbound on Main St, property on Left
Affordability Calculator
$350,000
Estimated monthly payment
$9,314/mo
Principal $1,400,000 · Est. interest $1,953,125 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Winchester, KY
- $341,379
- Median Listing Price
- 58
- Median Days on Market
- 2,070
- Median Sq Ft
- $175
- Median Price / Sq Ft
- 116
- Active Listings
- This home’s price is 413% above the area median.
- Its price per sq ft is 51% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Winchester, KY.
Location
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Points of Interest in Winchester, KY
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1200 Craig Crossing, Winchester, KY | $1,349,000 | 4 | 5 | 3,350 |
| 155 April Way, Winchester, KY | $1,350,000 | — | — | — |
| 1015 Old Stone Church Road, Winchester, KY | $1,500,000 | — | — | — |
| 4578 Combs Ferry Road, Winchester, KY | $1,650,000 | 3 | 2 | 1,860 |
| 3166 Colby Road, Winchester, KY | $1,695,000 | 3 | 3 | 4,518 |
| 722 Colby Road #1, Winchester, KY | $1,800,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Winchester
Listing Courtesy: Block + Lot Homes - 8593090099
Last Updated: 2023-11-10