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183 Main St Russellville, KY 42276-1901

OFF-MARKET Turn key restaurants Google Maps
5,600 SF
Individually Owned 15-yr Hold Free & Clear
Estimated value (blended)
$290k
Range $261k – $319k (±10%)
Property ID US34-1097249

Property summary

AI-generated overview

This exceptional Italian bistro and bar, located at 183 S Main Street in the heart of historic downtown Russellville, Kentucky, presents a rare investment opportunity. The property sits on a 0.07-acre lot and offers approximately 117 seats within the main dining area, plus a dedicated banquet room ideal for private events and functions. The fully equipped kitchen is ready for immediate operation, and the fully stocked bar contributes significantly to the restaurant's inviting atmosphere. A recent addition of a stair chair ensures accessibility for all patrons. The upper level boasts a bathroom and kitchen area, presenting versatile potential for owner's living quarters or additional operational space. This well-established restaurant enjoys a strong regional reputation, drawing customers from Russellville, Bowling Green, KY, Nashville, TN, and Clarksville, TN, known for its delicious pasta dishes and acclaimed crab cakes. The current owner is motivated to sell due to health reasons and is open to offers. This turnkey operation is poised for continued success under new ownership, representing a unique chance to acquire a thriving business in a desirable location. The asking price is $1,387,000. This is a truly exceptional opportunity to own a piece of Russellville's culinary history.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,600 SF
APN 068-08-01-022-00
UPID US34-1097249

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2011
1 recorded transaction
2011
$46,750

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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