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Property profile & analytics
OFF-MARKET
Turn key restaurants

826 Main St New Albany, IN 47150-5934

3,435 SF 0.08 ac lot Built 2003
Entity Owned 14-yr Hold Free & Clear
Property ID
US31-2033149
Property summary
AI-generated overview

This exceptional 3,378-square-foot free-standing retail building, formerly Brownie's the Shed, presents a unique investment opportunity in New Albany's vibrant downtown. Built in 2003, this single-tenant property sits on a 0.68-acre lot and boasts a highly desirable D-Downtown zoning classification. The building features one story and offers ample parking with 45 spaces. The property's previous use as a Sand Volleyball Bar & Grill highlights its potential for a similar concept or a variety of other businesses. Two sand volleyball courts and outdoor seating areas are already in place, providing significant added value and appeal. The convenient location offers easy access to the Louisville/I-64 bridge, ensuring high visibility and accessibility for customers. The entire 3,378 square feet is currently vacant and ready for immediate occupancy. The property's APN is 22-05-00-300-777.000-008. This turnkey property is available for lease at $5,200 per month, NNN. Don't miss this chance to secure a prime location in a thriving market. Contact us today to learn more and schedule a showing.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2003
Construction WOOD
Total area 3,435 SF
Lot 0.08 ac (3,485 SF)
APN 22-05-00-300-777.000-008
UPID US31-2033149
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
  • Neace Enterprises LLC Marketing & Advertising
  • Brownies Sand Volleyball Gym & Fitness Center
  • Falls City Kitchen - New Albany Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Jfn LLC · 14 yrs held
Jfn LLC
since 2012
2 recorded transactions
2012
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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