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    850 Main St Palmyra, IN 47164

    For Sale
    $325,000

    Established Restaurant, Turnkey Operation, 0.48 Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional business opportunity encompasses a fully equipped restaurant situated on two parcels totaling 0.48 acres in Palmyra, Indiana, at 850 & 885 Main Street NE. The sale includes all existing equipment, fixtures, and furniture, ensuring a seamless transition for a new owner. Key features include a walk-in freezer and refrigerators, three double pizza ovens, two gas fryers, a gas grill, and a three-bay sink. The restaurant boasts ample seating for over 50 patrons, complemented by a covered outdoor deck. This turnkey operation is ready for immediate use, allowing a new owner to implement their vision and capitalize on the existing infrastructure. The sale also includes two additional adjacent parcels providing ample parking. The property is being sold "AS IS," reflecting its current operational state and providing an opportunity for immediate ownership. The asking price is $325,000. This presents a unique chance to acquire an established restaurant with significant potential in a desirable location. The property's size and existing infrastructure offer considerable flexibility for a variety of culinary concepts. The inclusion of additional parking lots enhances the overall appeal and functionality of the business. Serious inquiries are encouraged.

    Property Features for 850 Main St

    General Information

    Property type
    Investment properties
    Lot Size
    20,909 SF

    Building Details

    Year Built
    1982
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmyra
    County
    Harrison
    State
    Indiana
    Longitude
    -86.10789
    Latitude
    38.40709

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    FAQs

    What type of property is this?
    Investment property - Established Restaurant, Turnkey Operation, 0.48 Acres
    Where is this investment property located?
    The property is located at 850 Main St Palmyra, IN.
    What is the asking price?
    The asking price for this property is $325,000.
    (812) 883-9555
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    850 Main St Palmyra, IN 47164
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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
    850 Main St Palmyra, IN 47164
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