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    1420 Park Pl Clarksville, IN 47129

    Sponsored
    For Sale
    $1,690,000

    Outback Building - Sale/Lease Available

    Property size:
    6,132 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,132 square foot former Outback Steakhouse restaurant building presents a unique opportunity in Clarksville, Indiana. Located at 1420 Park Pl, this single-story, 2000-built property sits on a 1.5-acre lot (APN: 10-14-03-200-039.000-011) and boasts high visibility from I-65, situated between Lewis & Clark Parkway (30,000+ ADT) and Veterans Parkway (40,000+ ADT). The building is currently vacant and offered for sale at $1,690,000 ($275.60/sq ft) or lease (NNN). A full kitchen and bar are included as part of the sale. This is a second-generation restaurant space ready for immediate occupancy. The property's prime location and existing infrastructure make it ideal for a variety of restaurant concepts. Additionally, three adjacent land parcels are available for purchase, offering potential for expansion or complementary businesses. This is a rare opportunity to acquire a turn-key restaurant space in a high-traffic area.

    Property Features for 1420 Park Pl

    General Information

    Property type
    Restaurants
    Square Feet
    6,132 SF
    Lot Size
    65,340 SF

    Building Details

    Year Built
    2000
    Stories
    1

    HighLights

    • 6,132 SF former Outback Steakhouse, Clarksville, IN.
    • Located at 1420 Park Pl, on a 1.5‑acre lot (APN: 10‑14‑03‑200‑039.000‑011).
    • High visibility from I‑65, between high‑traffic roads.
    • $1,690,000 ($275.60/SF) sale price or NNN lease available.
    • Features a full kitchen and bar; second‑generation restaurant space.
    • Three adjacent parcels available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -85.7561301
    Latitude
    38.3230072

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    FAQs

    What type of property is this?
    Restaurant - Outback Building - Sale/Lease Available
    Where is this restaurant located?
    The property is located at 1420 Park Pl Clarksville, IN.
    What is the asking price?
    The asking price for this property is $1,690,000.
    What are key features of this property?
    This property features: 6,132 SF former Outback Steakhouse, Clarksville, IN.; Located at 1420 Park Pl, on a 1.5-acre lot (APN: 10-14-03-200-039.000-011).; High visibility from I-65, between high-traffic roads.
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    1420 Park Pl Clarksville, IN 47129
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    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
    1420 Park Pl Clarksville, IN 47129
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