Published Reserve Online Auction, Downtown Winchester Vacant Apartment-Retail Building

60 N Main Street Winchester, KY 40391

60 N Main Street , Winchester, KY, 40391
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FOR SALE Auction Property
Property Type:
MultiFamily Apartments
Amount:
Please Call Broker for Price

Last Verified:
Oct 01, 2024

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Highlights

  • - Published Reserve Online Auction
  • - Previously Listed for $579,000
  • - Now it Sells to the Highest Bidder Above $299,000!
  • - Impressive 23,296 square foot building
  • - Zoned Downtown B for versatile use
  • - Prime location in the vibrant Winchester area
  • - Potential for establishing a prominent office presence
  • - Ample space for a range of office operations
  • - Ideal for accommodating diverse business needs
  • - Strategic investment opportunity in a dynamic business district

Description

Previously Listed for $579,000, Now, Sells to the Highest Bidder Above $299,000!

Presenting a prime investment opportunity, this distinguished property offers a substantial 23,296 square foot building ideally suited for office or office building purposes. Zoned Downtown B, this strategically located property in the Winchester area presents an attractive prospect for savvy investors seeking to establish a prominent presence in this dynamic business district. With its expansive square footage and versatile zoning, this property provides ample space and adaptability to accommodate a range of office operations, making it an enticing prospect for those looking to capitalize on the thriving economic potential of downtown Winchester.

The Published Reserve Auction opens for bidding on Thursday, October 24th and begins to close at 4 pm on Tuesday, October 29th.
To register and bid, visit bid.svnauctions.com

The beauty about a "Published Reserve Auction" is that all we need is the opening bid for the property to sell because the opening bid is the "Reserve."

Winchester, Kentucky boasts a dynamic downtown area that presents an inviting blend of history and modernity within a thriving business community. Situated in the heart of the Bluegrass region, the area offers a wide array of local conveniences such as eateries, boutique shops, and historical landmarks, creating an attractive environment for potential office or office building investors. Nearby attractions include the Bluegrass Heritage Museum, the Winchester Opera House, and the scenic Leeds Center for the Arts, providing opportunities for engaging with the local culture and community. With its classic Main Street ambiance and close proximity to essential amenities, Downtown Winchester serves as an optimal location for those seeking to invest in the office real estate sector.


Year Built: 1910
Building Size: 23296sq ft
Lot Size: 0.14 acres

Map of 60 N Main Street , Winchester, KY, 40391

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.