115 Chestnut St Jeffersonville, IN 47130-3486
- Parking lots & garages
- 0.21 lot acres
Current Use by Public Records
- Union Restaurant & Gameyard / Restaurant
Property Details for 115 Chestnut St
- Year built
- 2003
- Lot size
- 0.21 lot acres
- Property type
- Parking lots & garages
- APN
- 10-19-00-103-327.000-010
- APU
- 101900103327000010
Description
This exceptional Class A, 8,000 sq ft restaurant and entertainment venue in Jeffersonville, Indiana, is available for sale. Built and renovated in 2020, the property boasts a 100% occupancy rate and a strong NOI of $180,000, resulting in a compelling 30.05% cap rate. The asking price is $599,000 ($74.88/sq ft). The business features a diverse menu including smoked BBQ, gourmet burgers, and popular appetizers, complemented by a full-service bar with signature cocktails and large-format drinks. The property includes attractive outdoor seating areas like cabanas and picnic tables, an indoor arcade, and a dedicated private event space, catering to a wide range of clientele and events. The lease is a NNN, single-tenancy agreement with three years remaining. This turnkey operation presents a rare opportunity to acquire a thriving business with significant growth potential in a desirable location at 115 W Chestnut St, Jeffersonville, IN 47130. The property's strong financial performance, diverse offerings, and prime location make it an attractive investment opportunity. Financial records are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jeffersonville
- County
- Clark
- State
- Indiana
- Longitude
- -85.741
- Latitude
- 38.2712
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
