143 Main St Rising Sun, IN 47040-1222

Property Details for 143 Main St

Year built

1843

Construction

WOOD

Lot size

0.11 lot acres

Property size

3,515 SF

Property type

Retail space

APN

58-06-02-001-098.000-004

APU

580602001098000004

Description

This exceptional opportunity presents the chance to acquire a historic tavern and restaurant, the Kings Landing Tavern, located at 143 Main St, Rising Sun, IN 47040. Built in 1843, this charming two-story brick building boasts 4,792 square feet of space, situated on a 0.11-acre lot in the heart of Rising Sun's historic district, just one block from the Ohio River. The property features a full kitchen, a horseshoe-shaped bar, a game room, and an outdoor bar area, perfect for seasonal use. Two walk-in coolers ensure efficient operation. Upstairs, a one-bedroom apartment offers rental potential, though it requires updating. The building is zoned C-1. The asking price for the building and attached fixtures is $350,000. A turnkey option, including inventory, fixtures, and equipment (excluding leased items), along with a 3-way liquor license, is available for $450,000. The tavern and restaurant currently serves a full menu. The building retains its original bar back, a testament to its rich history. This prime location in a popular river town offers excellent visibility and high traffic, presenting significant growth potential. The strong NOI of $48,880 and a 13.97% cap rate make this a compelling investment opportunity. This is an owner/user investment in a Class C building.

Location Insight

City

Rising Sun

County

Ohio

State

Indiana

Longitude

-84.8524

Latitude

38.948

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments