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    1440 Vaxter Ave Clarksville, IN 47129

    Sponsored
    For Sale
    Contact for pricing

    Prime location, high-traffic area, strong investment.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This 6,810+-square-foot restaurant building, formerly O'Charley's, is situated on a 1.31-acre lot with 215 feet of road frontage on both Vaxter Avenue and Cedar Street in Clarksville, Indiana. The property boasts excellent visibility and proximity to high-traffic retailers like Green Tree Mall and Bass Pro Shops. The building features a wood and concrete block frame with brick veneer siding, a spacious interior with segmented dining areas, a bar area, restrooms, and a commercial-grade kitchen equipped with a cooler and freezer. The interior also includes fluorescent and incandescent lighting and 9-10-foot ceilings. Exterior features include a large 38,890-square-foot asphalt parking lot with 113 spaces, a pole sign visible from I-65 and Lewis & Clark Parkway (with a 2015 traffic count of 28,500 vehicles per day), and an additional pylon sign facing Vaxter Avenue. Mechanical systems include roof-mounted natural gas furnaces with condensers, a 1,200-amp main breaker, two restrooms with eleven fixtures, and a wet sprinkler system. The kitchen and bar areas have multiple sinks, floor drains, and other plumbing fixtures. A security alarm is also in place. A three-way liquor license is available to the new owner. Formerly leased for $9,473 per month NNN. Clark County's population exceeds 118,000 and is steadily growing, making this a strong investment opportunity. Some building updates may be necessary.

    Property Features for 1440 Vaxter Ave

    General Information

    Property type
    Investment properties
    Lot Size
    57,064 SF

    Building Details

    Year Built
    1994
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.75745
    Latitude
    38.31928

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    FAQs

    What type of property is this?
    Investment property - Prime location, high-traffic area, strong investment.
    Where is this investment property located?
    The property is located at 1440 Vaxter Ave Clarksville, IN.
    What is the asking price?
    The asking price for this property is $1.00.
    (812) 738-9476
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    1440 Vaxter Ave Clarksville, IN 47129
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1440 Vaxter Ave Clarksville, IN 47129
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