400 Capitol Ave Corydon, IN 47112-1531
This exceptional business opportunity is located at 400 N Capitol Avenue in the heart of historic Corydon, Indiana. The property boasts a highly visible street-front location directly across from the courthouse, ensuring maximum exposure and foot traffic. Currently operating as Fredericks Restaurant, a thriving establishment known for its excellent breakfast and lunch service, this turnkey operation offers immediate income potential. The restaurant comfortably seats approximately 67 patrons, providing ample space for diners. Adding to the investment appeal is a 2-bedroom, 1-bathroom apartment situated above the restaurant, currently generating rental income. This adds a valuable secondary revenue stream to the overall property value. The 0.71-acre lot is situated in the historic district, offering a unique blend of charm and commercial viability. This is a rare chance to own a well-established business in a vibrant and desirable downtown location, with the potential for continued growth and success. The property's prime location offers easy walking access to numerous shops and attractions, further enhancing its appeal to both customers and residents. This is an exceptional opportunity for an entrepreneur seeking a profitable venture in a thriving community. The combination of a successful restaurant and a rental apartment makes this a truly unique and compelling investment. Don't miss this chance to own a piece of Corydon's rich history and vibrant future.
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Fredericks Cafe & Grill Restaurant
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.