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2944 Winchester Ave
Ashland, KY 41101
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Corner Lot
- Ample Unused Space
- Multiple Access Points
EXECUTIVE SUMMARY
Bankruptcy Ordered Auction – Residential Multi-Family Building
Two-Story Multi-Family Building: 10+ Modern Residential Units Plus Dedicated Storage Space, Totaling 8,640± sq. ft. (PVA) – Former Homeless Shelter
Prime Corner Lot & Parking Areas: Expansive ½-acre Lot With Multiple Access Points and Ample Unused Space, Ideal for Future Expansion or New Development Opportunities. Property Selling in As Is Condition – Renovation Required
Strategic Location: Positioned Directly Along High-Traffic US-23, Surrounded by Thriving Private and Chain Businesses, Ensuring Excellent Visibility and Accessibility.
Three Street Access: Direct Access from Winchester, 30th Street & Alley in Rear
Flexible Zoning Potential: Zoned B-2, Diverse Commercial and Business Possibilities, From Retail, Housing or Mixed-Use Development.
Selling Free and Clear of Liens – Bankruptcy Court Ordered Sale
No Back Taxes - Title Insurance Available!
Posted Price is not relevant. PRICE WILL BE DETERMINED AT AUCTION.
Sold by Order of the U.S. Bankruptcy Court – EDKY – Case No. 24-10169
U.S. Bankruptcy Court, Chapter 7 Panel Trustee, James Westenhoefer, Eastern District of Kentucky Case No. #24-10169
Tranzon Asset Advisors, Edward D. Durnil, KY Auctioneer #259408/Broker #187998
10% Buyers Premium based on high bid and other terms apply.
Online bidding ends November 13th at 3:00pm ET.
Inspection: Drive by Anytime.
Property Address: 2944 Winchester Avenue Ashland, KY 41101
Contact Clay Perry at 270-769-0284 or cperry@tranzon.com
Two-Story Multi-Family Building: 10+ Modern Residential Units Plus Dedicated Storage Space, Totaling 8,640± sq. ft. (PVA) – Former Homeless Shelter
Prime Corner Lot & Parking Areas: Expansive ½-acre Lot With Multiple Access Points and Ample Unused Space, Ideal for Future Expansion or New Development Opportunities. Property Selling in As Is Condition – Renovation Required
Strategic Location: Positioned Directly Along High-Traffic US-23, Surrounded by Thriving Private and Chain Businesses, Ensuring Excellent Visibility and Accessibility.
Three Street Access: Direct Access from Winchester, 30th Street & Alley in Rear
Flexible Zoning Potential: Zoned B-2, Diverse Commercial and Business Possibilities, From Retail, Housing or Mixed-Use Development.
Selling Free and Clear of Liens – Bankruptcy Court Ordered Sale
No Back Taxes - Title Insurance Available!
Posted Price is not relevant. PRICE WILL BE DETERMINED AT AUCTION.
Sold by Order of the U.S. Bankruptcy Court – EDKY – Case No. 24-10169
U.S. Bankruptcy Court, Chapter 7 Panel Trustee, James Westenhoefer, Eastern District of Kentucky Case No. #24-10169
Tranzon Asset Advisors, Edward D. Durnil, KY Auctioneer #259408/Broker #187998
10% Buyers Premium based on high bid and other terms apply.
Online bidding ends November 13th at 3:00pm ET.
Inspection: Drive by Anytime.
Property Address: 2944 Winchester Avenue Ashland, KY 41101
Contact Clay Perry at 270-769-0284 or cperry@tranzon.com
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,640 SF
Building Class
C
Year Built
1910
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.50 AC
Opportunity Zone
Yes
Zoning
B-2
Parking
5 Spaces (0.58 Spaces per 1,000 SF Leased)
Frontage
48’ on Winchester Ave
PROPERTY TAXES
| Parcel Number | 038-08-08-008.00 | Improvements Assessment | $325,482 CAD |
| Land Assessment | $41,908 CAD | Total Assessment | $367,390 CAD |
PROPERTY TAXES
Parcel Number
038-08-08-008.00
Land Assessment
$41,908 CAD
Improvements Assessment
$325,482 CAD
Total Assessment
$367,390 CAD
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