143 Main St, Rising Sun, IN 47040-1222
- Retail space
- 3,515 SF
- 0.11 lot acres
Current Use by Public Records
- Kings Landing LLC / Bar & Pub
- River House Bar & Grill Inc / Bar & Pub
Property Details for 143 Main St
- Year built
- 1843
- Construction
- WOOD
- Lot size
- 0.11 lot acres
- Property type
- Retail space
- APN
- 58-06-02-001-098.000-004
- APU
- 580602001098000004
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 10, 2021 | — | Kings Landing LLC | Rockies Bar&grill LLC | Warranty Deed | — |
| Feb 27, 2020 | — | Rockies Bar&grill INC | — | Deed · related | $400k · Friendship State Bank |
| Jul 30, 2019 | $172,064 | Rockies Bar&grill INC | Connolly Joann Est | Personal Representative Deed | — |
| Jul 20, 2007 | — | Cricket Bar And Grill INC | Eric Hagedorn | Warranty Deed | $228k · Mainsource Bank |
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- 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
