115 Chestnut StJeffersonville, IN 47130

For Sale
$599,000

Profitable Restaurant, Real Estate Included

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional Class A, 8,000 sq ft restaurant and entertainment venue in Jeffersonville, Indiana, is available for sale. Built and renovated in 2020, the property boasts a 100% occupancy rate and a strong NOI of $180,000, resulting in a compelling 30.05% cap rate. The asking price is $599,000 ($74.88/sq ft). The business features a diverse menu including smoked BBQ, gourmet burgers, and popular appetizers, complemented by a full-service bar with signature cocktails and large-format drinks. The property includes attractive outdoor seating areas like cabanas and picnic tables, an indoor arcade, and a dedicated private event space, catering to a wide range of clientele and events. The lease is a NNN, single-tenancy agreement with three years remaining. This turnkey operation presents a rare opportunity to acquire a thriving business with significant growth potential in a desirable location at 115 W Chestnut St, Jeffersonville, IN 47130. The property's strong financial performance, diverse offerings, and prime location make it an attractive investment opportunity. Financial records are available upon request.

Highlights

  • $599,000 asking price for this established Class A restaurant and entertainment venue.
  • 8,000 square feet, 100% occupied, with a strong $180,000 NOI and a 30.05% cap rate.
  • NNN lease, single tenant, with three years remaining on the lease.
  • Located at 115 W Chestnut St, Jeffersonville, IN 47130.
  • Built and renovated in 2020, this property includes outdoor seating, an arcade, and a private event space.

Property Details for 115 Chestnut St

Property type
Investment properties, Other commercial real estate
Square Feet
8,000 SF
Class
A
Year Built/Renovated
2020/2020
Units
1

Location Insight

City
Jeffersonville
County
Clark
State
Indiana
Latitude
38.2713139
Longitude
-85.7408258
115 Chestnut St, Jeffersonville, Indiana

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115 Chestnut St
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