505 Shoppers, Winchester, KY 40391

$1,050,000
Property Type: Commercial Sale Square Footage: 6,912 Status: Closed
Current Price: $1,050,000 List Date: 2/21/2020 Last Modified: 9/03/2025

Overview

Description

WOW talk about a great investment property!! Four unit medical building fully occupied with great tenants! Property is in very good condition and in a great area close to anchor stores such as Lowes and Starbucks! Tenants have been in business for many years! If you are a investor make your move fast on this one! Please don't bother business owners or tenants go through your agent only. AGENTS THERE ARE NO leases on this because four of the doctors are owners and there is one silent partner. I will create possible numbers for leases to help investors and buyers come up with a idea of cash flow, but the actual leases will have to be formed and agreed upon by all parties before closing.

Listing Details MLS# 20003687

Listing Information

Property Sub Type
Business

Status Change Information

Price Change Timestamp
2020-07-02T15:25:48Z
Status Change Timestamp
2020-07-02
Purchase Contract Date
2020-05-06
Close Date
2020-06-26
Close Price
1050000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
1200

Address

County
Clark
Street Number
505
Street Name
Shoppers
State
KY
Zip Code
40391
Parcel Number
042000001606

Contract

Original List Price
1250000
Start Showing Date
2020-02-20
Listing Contract Date
2020-02-20
Listing Agreement
Exclusive Right To Sell
Occupant Type
Occupied
Office Exclusive YN
No
SP/LP
0.84

Tax Legal

MLS Area Major
007 - Clark County
Subdivision Name
Commercial

Interior

Living Area
6912

More Information

Parking Information

Parking Total
20

Building

Basement YN
Yes
Year Built
2000

Utilities

Cooling YN
Yes
Electricity Available
Yes
Sewer Available
Yes

Remarks

Public Remarks
WOW talk about a great investment property!! Four unit medical building fully occupied with great tenants! Property is in very good condition and in a great area close to anchor stores such as Lowes and Starbucks! Tenants have been in business for many years! If you are a investor make your move fast on this one! Please don't bother business owners or tenants go through your agent only. AGENTS THERE ARE NO leases on this because four of the doctors are owners and there is one silent partner. I will create possible numbers for leases to help investors and buyers come up with a idea of cash flow, but the actual leases will have to be formed and agreed upon by all parties before closing.

Building and Property Details

Lot Expansion Potential YN
Yes
# of Men's Restrooms
6
# of Women's Restrooms
6

Tax & Legal

Tax Rate
1.2
Zoning Description
PD
Directions
Merge onto US-60 E via EXIT 13 toward Winchester/I-75/I-64. Past Starbucks on the left

Construction Materials

Brick
Yes

Possession

Close Of Escrow
Yes

Security Features

Fire Sprinkler System
Yes

Special Listing Conditions

Standard
Yes

Business Type

Commercial
Yes
Industrial
Yes
Mixed
Yes

Existing Lease Type

NNN
Yes

Sale Includes

Building(s)
Yes
Fixtures
Yes
Land
Yes

Tenant Pays

Common Area Maintenance
Yes
Electricity
Yes
Gas
Yes
Interior Maintenance
Yes
Sewer
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Documents

Appraisal
Yes

Property Features

Utilities: Electricity Available; Sewer Available; Electricity Available; Sewer Available Business Type: Commercial; Industrial; Mixed Construction Materials: Brick Existing Lease Type: NNN Possession: Close Of Escrow Sale Includes: Building(s); Fixtures; Land Security Features: Fire Sprinkler System Special Listing Conditions: Standard Tenant Pays: Common Area Maintenance; Electricity; Gas; Interior Maintenance; Sewer; Taxes; Trash Collection; Water Documents: Appraisal
Listing Office: eXp Realty, LLC
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.