1331 Franklin St Evansville, IN 47710

This exceptional investment opportunity presents the Lamasco Bar & Grill, a fully operational restaurant and bar situated on a corner lot in Evansville, Indiana's vibrant Franklin Street Entertainment district. Boasting 6,228 square feet across two stories, this Class B property offers a compelling blend of history and potential. Built in 1919 and renovated in 2016, the property features a single tenant with a 100% occupancy rate under a triple-net (NNN) lease with three years remaining. The current NOI stands at $48,000, yielding an attractive 8.73% cap rate at an asking price of $550,000 ($88.31/sq ft). The property includes two Airbnb units on the second floor, adding to its income stream. Strategically located with easy access to the Lloyd Expressway, this C4-zoned property benefits from ample parking and presents expansion possibilities due to an adjacent vacant lot. This fee-simple ownership offers a rare chance to acquire a well-established business in a thriving location with significant upside potential. The property's long history as a successful bar and restaurant, combined with its prime location and current lease terms, makes it an ideal investment for discerning buyers seeking strong returns and future growth opportunities.