Commercial Kitchen with
New
For Sale
$365,000
127/129 W Court Ave, Jeffersonville, IN 47130
Existing food-service infrastructure, street-level seating, and CD zoning support restaurant, bar, retail, or office use.
Property Size3,548 SF
Lot Size0.12 Acres
Price / SF$102.87
Days on Market4
Property Features for 127/129 W Court Ave
General Information
Standard status
Active
Size
3,548 SF
Total Parking Spaces
5
Lot size
0.12 Acres
Property subtype
Commercial
Zoning
CD
Site & Location
Frontage
59 ft
Traffic Count
12,801 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Restaurant
Commercial Hood
Yes
Patio
Yes
Amenities
display windows
full-width awning
Building Details
Year Built
1926
Buildings
1
Stories
1
Construction
brick
Listing Agency:
Nexthome Wilson Real Estate
(812) 924-7024
Listed By:
Ward Realty Services
(812) 200-2838
Source:
Wardrealtyservices
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 at 7:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nexthome Wilson Real Estate
Investment Insights
Based on property information with market context.
This 3,548-square-foot, one-story brick commercial kitchen dates to 1926 and sits on a 0.12-acre lot. The interior includes a CaptiveAire exhaust hood above the cook line, three-phase and single-phase power, a walk-in cooler, production space, a multi-compartment wash sink, and two restrooms. High ceilings, an open serving area, a long counter, display windows, and a full-width awning complete the space. Fenced sidewalk seating and off-street parking for 5 cars are also included.
The property has approximately 59 feet of storefront frontage on W Court Ave, with reported daily traffic of 12,801 cars (AADT). It is a few blocks from the Big Four Bridge and Big Four Station, on the same street as the downtown I-65 exit, and among downtown restaurants and shops. CD (Commercial Downtown) zoning supports restaurant, bar, retail, and office uses.
The property has approximately 59 feet of storefront frontage on W Court Ave, with reported daily traffic of 12,801 cars (AADT). It is a few blocks from the Big Four Bridge and Big Four Station, on the same street as the downtown I-65 exit, and among downtown restaurants and shops. CD (Commercial Downtown) zoning supports restaurant, bar, retail, and office uses.
Key Highlights
- 3,548‑square‑foot building on a 0.12‑acre lot; built in 1926
- CaptiveAire commercial exhaust hood over the cook line
- Three‑phase and single‑phase power, walk‑in cooler, production area, multi‑compartment sink, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,213
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,260
$284.3K
Cap Rate 7%
$203,043
$203.0K
Cap Rate 9%
$157,922
$157.9K
Market Conditions
NOI Build-Up for 3,548 SF
Gross rent
$21.9K $6.16/SF
− Vacancy
−$1.6K −$0.44/SF
EGI
$20.3K $5.72/SF
− OpEx
−$6.1K −$1.72/SF
NOI
$14.2K $4.01/SF
Area
Clark County, IN
Vacancy
7.10%
Lease Rate
$6.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,260
Cap Rate 7%
$203,043
Cap Rate 9%
$157,922
Alternative Uses
Best Use
Specialty Retail
$655.5K
$573.6K – $764.8K
NOI $45,886 @ 7.0% cap · market cap 12.57%
Second Best
Industrial
$203.0K
$177.7K – $236.9K
NOI $14,213 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.03M
$902.6K – $1.20M
NOI $72,209 @ 7.0% cap · market cap 19.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12,801 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
TownePlace Suites by Marriott Louisville North
Hotels & Casinos
1,748 visits/mo
0.2 miles
Demographics for 47130, IN
48,481
Population
22,602
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
1,430
Density / Sq Mi
$68,412
Median Household Income
$40,941
Median Earnings
$1,090
Median Rent
$203,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Existing food-service infrastructure, street-level seating, and CD zoning support restaurant, bar, retail, or office use.
Where is this commercial kitchen located?
The property is located at 127/129 W Court Ave Jeffersonville, IN.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 3,548‑square‑foot building on a 0.12‑acre lot; built in 1926; CaptiveAire commercial exhaust hood over the cook line; Three‑phase and single‑phase power, walk‑in cooler, production area, multi‑compartment sink, and two restrooms
