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    1420 Park Pl Clarksville, IN 47129

    For Lease
    $16 SF/Yr ($8,462 /Mo)

    Turnkey Restaurant, High Visibility, 6,132 SF

    Lot size:
    6,132 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 6,132 square foot restaurant space, formerly an Outback Steakhouse, presents a unique opportunity for a discerning operator. Located on Broadway, this single-tenant property boasts an incredible location with high-rise signage visible from I-65, ensuring maximum brand exposure. The property benefits from its strategic position between Lewis & Clark Parkway (30,000+ ADT) and Veterans Parkway (40,000+ ADT), guaranteeing high traffic volume and significant foot traffic. The space is fully equipped with a complete kitchen and bar, eliminating the need for extensive upfront investment. The current lease is $8,500 per month, offering immediate operational potential. The property is available for lease or potential sale. Adding to its appeal, three adjacent land parcels are also available for purchase, providing opportunities for expansion or development. This turnkey restaurant space offers immediate occupancy and significant upside potential in a high-traffic, high-visibility location. The 1.5-acre lot provides ample space for outdoor seating or additional development. This is an exceptional opportunity to establish or relocate your restaurant business in a prime location.

    Property Features for 1420 Park Pl

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,132 SF
    Total Rate
    8462.16

    Unit(s) available at that property

    Space
    Size
    6,132 SF
    Rate per SF
    $16

    HighLights

    • 6,132 SF restaurant space available for lease or sale.
    • Single‑tenant occupancy.
    • Located on Broadway, near high‑traffic roadways (Lewis & Clark Parkway & Veterans Parkway).
    • High‑visibility location with I‑65 signage.
    • Former Outback Steakhouse with full kitchen and bar included.
    • $8,500/month lease rate.
    Property Profile Insight Report 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

    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, High Visibility, 6,132 SF
    Where is this restaurant located?
    The property is located at 1420 Park Pl Clarksville, IN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 6,132 SF restaurant space available for lease or sale.; Single-tenant occupancy.; Located on Broadway, near high-traffic roadways (Lewis & Clark Parkway & Veterans Parkway).
    Request Owner's contact information
    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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