115 W Chestnut St, Jeffersonville, IN 47130

Property Details for 115 W 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.

Location Insight

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

Property Tax & Assessments