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Property profile & analytics
OFF-MARKET
Turn key restaurants

400 Capitol Ave Corydon, IN 47112-1531

3,279 SF 0.07 ac lot Built 1948
Entity Owned Absentee Owner Free & Clear
Property ID
US31-2384609
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1948
Construction WOOD
Total area 3,279 SF
Lot 0.07 ac (3,080 SF)
APN 31-10-31-105-013.000-008
UPID US31-2384609
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Fredericks Cafe & Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
RD FREDERICK LLC
RD FREDERICK LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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