203 Main St New Albany, IN 47150-5818
This exceptional 5,955-square-foot restaurant space, housed in the Parthenon Building, presents a unique investment opportunity. Built in 1837 and meticulously renovated in 2023, this landmark building is the oldest commercial structure in New Albany, Indiana. Originally one of Indiana State Bank's ten founding branches, it boasts stunning architectural details, including a unique domed ceiling with a skylight and the original bank vault, all preserved during the recent renovation. Modern amenities include three new HVAC units and an elevator, ensuring optimal functionality and comfort. Its prime location on 203 E Main St, New Albany, IN 47150, places it approximately 0.5 miles from the Ohio River and the City of New Albany Riverfront Amphitheater, which attracts approximately 824,300 visitors annually. The building's rich history and modern upgrades create an unparalleled setting for a thriving restaurant business. This property offers a blend of historical charm and contemporary convenience, making it an exceptional investment in a vibrant and growing community. The building is situated in Floyd County, Indiana, offering easy access to Louisville, Kentucky, across the Ohio River.
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TheatreWorks Theater & Performing Art Venue
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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