514 Vincennes St New Albany, IN 47150
- Retail space
- 1,350 SF
- 0.16 lot acres
Current Use by Public Records
- Honey Creme Donut Shop / Pastry Shop / Donut Shop
Property Details for 514 Vincennes St
- Year built
- 1950
- Construction
- WOOD
- Lot size
- 0.16 lot acres
- Property size
- 1,350 SF
- Property type
- Retail space
- APN
- 22-05-02-801-253.000-008
- APU
- 220502801253000008
Description
This exceptional opportunity presents the chance to acquire the renowned Honey Creme Donut Shop, a cherished New Albany institution since the mid-1940s. The sale includes the business, equipment, and the iconic name, ensuring a seamless transition. Situated on a nearly one-acre lot (6,624 sq ft) at 514 Vincennes St, New Albany, IN 47150, the property boasts a convenient drive-up window and ample parking. The 1,350 square foot, single-story building (built in 1950) is equipped with all necessary commercial kitchen equipment, including mixers, fryers, and display cases, making it a truly turnkey operation. This Class C property presents a unique investment opportunity for an owner/user. The existing customer base provides immediate revenue potential, while the versatile space allows for continued operation as a donut shop or adaptation to another retail business. The property's rich history and strong community ties offer a rare chance to own a piece of New Albany's heritage. The asking price is $750,000. The APN is 22-05-02-801-253.000-008.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Albany
- County
- Floyd
- State
- Indiana
- Longitude
- -85.8081
- Latitude
- 38.2942
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
