614 Capitol Ave Corydon, IN 47112
This exceptional 4,150-square-foot hotel in Corydon, Indiana, presents a unique investment opportunity. Located at 614 N Capitol Ave, this property boasts a rich history and timeless appeal, having undergone restoration in 1988 while preserving its original character. The main house features three bedrooms and two and a half bathrooms, spread across nearly 3,000 finished square feet. Beautiful hardwood floors, four decorative fireplaces, elegant staircases, and a large foyer with an original stained-glass window create an inviting atmosphere. A large butler's pantry and formal dining room provide ample space for entertaining and storage. The master bedroom includes an ensuite bathroom and a cedar-lined closet. Upstairs, an additional room—currently used as a walk-in closet—offers versatile space for a bedroom, office, or playroom. A second full bathroom upstairs features a classic claw-foot tub. A large unfinished attic provides potential for expansion. Outside, a two-car detached garage and a wraparound porch offer additional amenities. The property's convenient location near the interstate and walkable distance to local dining and shops makes it ideal for a short-term rental or bed and breakfast. The asking price is $365,000, translating to $87.95 per square foot. This move-in ready property is perfect for an investor seeking a blend of historic charm and modern convenience in a thriving Indiana community. The property is zoned for hospitality use.
Cap rate
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Property description
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