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1638 Winchester Ave
Ashland, KY 41101
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Heavy traffic.
- Landmark property in an opportunity zone.
- Downtown location.
EXECUTIVE SUMMARY
Storefront retail building with a great location. The property has charming architectural details. This iconic downtown Ashland building offers historic appeal with a distinctive presence perfect for creative reimagining while preserving its unique character. This 4 story building with basement was most recently used as a department store and restaurant and bar and known as Corbie's and the Jockey Club. Historically it has been referred to as the Parsons Furniture building which was housed there for many years. Situated on a corner lot in an area with growing foot traffic and nearly completed downtown streetscape, this landmark property is positioned within the Opportunity Zone, maximizing investment potential. This property is not just a building, it's a cornerstone of downtown Ashland with endless possibilities. Whether you're envisioning a boutique hotel, luxury apartments, vibrant retail spaces, or your own dream use, this building is your canvas for your next successful venture! Each floor offers approx. 7100 sq. ft. except for the basement with approx. 5500. One freight elevator and one passenger elevator that the owner says work but need service/repair. Per the owner, the building was built in 1917 primarily from concrete and steel as one of Ashland's first fireproof buildings. Windows are still in place but covered over except for the rear of the building where they have been filled with block.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Building Size
26,937 SF
Building Class
B
Year Built
1917
Price
$995,000
Price Per SF
$36.94
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.86
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
Z02 - Commercial
Parking
10 Spaces (0.42 Spaces per 1,000 SF Leased)
Frontage
ABOUT 1638 WINCHESTER AVE , ASHLAND, KY 41101
This iconic downtown Ashland building is a historical property. Each floor offers approx. 7100 sq. ft. except for the basement with approx. 5500. One freight elevator and one passenger elevator that the owner says work but need service/repair. Per the owner, the building was built in 1917 primarily from concrete and steel as one of Ashland's first fireproof buildings. Windows are still in place but covered over except for the rear of the building where they have been filled with block.
PROPERTY TAXES
| Parcel Number | 030-13-15-002.00 | Improvements Assessment | $250,000 |
| Land Assessment | $75,000 | Total Assessment | $325,000 |
PROPERTY TAXES
Parcel Number
030-13-15-002.00
Land Assessment
$75,000
Improvements Assessment
$250,000
Total Assessment
$325,000
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