Historic Restaurant and Patio
For Sale
$1,575,000
319 Pearl St, New Albany, IN 47150
Real estate sale includes two parcels with an outdoor patio adjoining City Park and an interior bar, lounge, and dining area.
Property Size11,442 SF
Price / SF$137.65
Days on Market49
Property Features for 319 Pearl St
General Information
Standard status
Active
Size
11,442 SF
Listing Agency:
RE/MAX FIRST-Commercial Group
Listed By:
Mike Kopp
Source:
Adventurealty
Added: Jul 26
Changed: Sep 8
Last Checked: Sep 11 at 2:12PM
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 RE/MAX FIRST-Commercial Group
Investment Insights
Based on property information with market context.
An iconic, historic downtown building offered for real estate sale only, consisting of two parcels: the building and a separate outdoor patio area. The interior features a comfortable bar, lounge, and dining area, and the operating winery/restaurant currently occupies the 1st and lower level, where wine is made and barrels are stored.
The property is located at 319 Pearl Street in Downtown New Albany’s Historic Downtown District. The patio area adjoins City Park, where events and functions are hosted, including summer concerts.
The owner also has private living space in the building, with a private street-level entry at the front and back. The listing notes the potential for additional separate living space in the future. The winery and related equipment are available for sale as a separate transaction, and discussions regarding the business are directed through the listing broker.
The property is located at 319 Pearl Street in Downtown New Albany’s Historic Downtown District. The patio area adjoins City Park, where events and functions are hosted, including summer concerts.
The owner also has private living space in the building, with a private street-level entry at the front and back. The listing notes the potential for additional separate living space in the future. The winery and related equipment are available for sale as a separate transaction, and discussions regarding the business are directed through the listing broker.
Key Highlights
- Listing is for the real estate sale only; the winery/restaurant business and equipment are available as a separate transaction.
- Two parcels included: building 11,442 SF plus the outdoor patio area.
- Outdoor patio adjoins City Park and includes access/space used for events and functions such as summer concerts.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
53k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 29%
Hotels & Casinos 10%
Circle K
Shops & Services
16,840 visits/mo
0.1 miles
Circle K
Shops & Services
8,727 visits/mo
0.5 miles
Waffle House
Dining
8,072 visits/mo
0.3 miles
Wild Eggs
Dining
7,332 visits/mo
0.4 miles
Chase Bank
Shops & Services
6,686 visits/mo
0.1 miles
Demographics for 47150, IN
49,395
Population
22,834
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
45.0 sq mi
ZIP Area
1,098
Density / Sq Mi
$62,212
Median Household Income
$40,837
Median Earnings
$984
Median Rent
$191,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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- Frishes — New Albany, IN 47150
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Real estate sale includes two parcels with an outdoor patio adjoining City Park and an interior bar, lounge, and dining area.
Where is this conventional restaurant located?
The property is located at 319 Pearl St New Albany, IN.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Listing is for the real estate sale only; the winery/restaurant business and equipment are available as a separate transaction.; Two parcels included: building 11,442 SF plus the outdoor patio area.; Outdoor patio adjoins City Park and includes access/space used for events and functions such as summer concerts.
