Riverfront Conventional
For Sale
$6,000,000
601 W Riverside Dr, Jeffersonville, IN 47130
Operating restaurant business offered with its building and underlying real estate along the Ohio River.
Property Size13,465 SF
Price / SF$445.60
Days on Market56
Property Features for 601 W Riverside Dr
General Information
Standard status
Active
Size
13,465 SF
Total Parking Spaces
129
Property subtype
Retail
Zoning
C1
Additional Details
Business Included
Yes
Highway Access
Yes
Amenities
129 Parking Spaces
Building Details
Abandoned
No
Listing Agency:
Commercial Kentucky, Inc.
Listed By:
Craig Collins
(502) 314-9535
Source:
Kcrea.resimplifi
Added: Aug 20
Changed: Oct 4
Last Checked: Oct 12 at 4:44PM
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 Commercial Kentucky, Inc.
Investment Insights
Based on property information with market context.
This conventional restaurant property includes the operating KingFish business together with the underlying real estate. The improvements were built in 1988 and contain 13,465 square feet. The offering combines an established restaurant operation with the building and land in one transaction.
Positioned along the Ohio River, the property provides access to U.S. Highway 31 and Interstate 65. Downtown Louisville is located across the river, connecting the site with the Louisville metropolitan area and Southern Indiana. The property also carries a Refreshment Area designation.
Positioned along the Ohio River, the property provides access to U.S. Highway 31 and Interstate 65. Downtown Louisville is located across the river, connecting the site with the Louisville metropolitan area and Southern Indiana. The property also carries a Refreshment Area designation.
Key Highlights
- 13,465‑square‑foot restaurant property built in 1988
- Operating KingFish restaurant business offered with the underlying real estate
- Ohio River waterfront setting in Jeffersonville
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,143
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,482,860
$3.5M
Cap Rate 7%
$2,487,757
$2.5M
Cap Rate 9%
$1,934,922
$1.9M
Market Conditions
NOI Build-Up for 13,465 SF
Gross rent
$242.4K $18.00/SF
− Vacancy
−$10.2K −$0.76/SF
EGI
$232.2K $17.24/SF
− OpEx
−$58.0K −$4.31/SF
NOI
$174.1K $12.93/SF
Area
Clark County, IN
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,482,860
Cap Rate 7%
$2,487,757
Cap Rate 9%
$1,934,922
Alternative Uses
Best Use
Specialty Retail
$2.49M
$2.18M – $2.90M
NOI $174,143 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.91M
$3.43M – $4.57M
NOI $274,040 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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?
Conventional restaurant - Operating restaurant business offered with its building and underlying real estate along the Ohio River.
Where is this conventional restaurant located?
The property is located at 601 W Riverside Dr Jeffersonville, IN.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 13,465‑square‑foot restaurant property built in 1988; Operating KingFish restaurant business offered with the underlying real estate; Ohio River waterfront setting in Jeffersonville
