1440 Vaxter Ave Clarksville, IN 47129-7721
This 6,810+-square-foot restaurant building, formerly O'Charley's, is situated on a 1.31-acre lot with 215 feet of road frontage on both Vaxter Avenue and Cedar Street in Clarksville, Indiana. The property boasts excellent visibility and proximity to high-traffic retailers like Green Tree Mall and Bass Pro Shops. The building features a wood and concrete block frame with brick veneer siding, a spacious interior with segmented dining areas, a bar area, restrooms, and a commercial-grade kitchen equipped with a cooler and freezer. The interior also includes fluorescent and incandescent lighting and 9-10-foot ceilings. Exterior features include a large 38,890-square-foot asphalt parking lot with 113 spaces, a pole sign visible from I-65 and Lewis & Clark Parkway (with a 2015 traffic count of 28,500 vehicles per day), and an additional pylon sign facing Vaxter Avenue. Mechanical systems include roof-mounted natural gas furnaces with condensers, a 1,200-amp main breaker, two restrooms with eleven fixtures, and a wet sprinkler system. The kitchen and bar areas have multiple sinks, floor drains, and other plumbing fixtures. A security alarm is also in place. A three-way liquor license is available to the new owner. Formerly leased for $9,473 per month NNN. Clark County's population exceeds 118,000 and is steadily growing, making this a strong investment opportunity. Some building updates may be necessary.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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