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    New Albany, IN Restaurants for Sale

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    Louisville, KY Floyds Knobs, IN Georgetown, IN Clarksville, IN Jeffersonville, IN Mayfield, KY Sellersburg, IN Lanesville, IN
    Downtown New Albany Opportunity
    Updated: Apr 4, 2024
    Downtown New Albany Opportunity

    141 E Main St, New Albany, IN

    $795,000
    3,374 sqft 0.08 AC lot
    Prime downtown New Albany location across from City Hall.
    Flexible 1st floor space suitable for office, restaurant, or retail use.
    Proximity to $100 Million in new downtown developments.
    Access to potential incentives: liquor license, UEZ, TIF, Historic District, Opportunity Zone, and Casino Revolving Loan Fund.
    Basement with separate access for each tenant space.
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    This listing looks promising.

    Here's a quick look at some key insights for

    141 E Main St, New Albany, IN

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    • Est. Cap Rate

      5.3%
      NOI ÷ price

    • Est. NOI

      $42K
      Annual

    • Price @ 7% Cap

      $604K
      Suggested

    • Property Type

      Single Family Residence
      Built 1929
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    Historic Restaurant and Event Patio
    Updated: May 29
    Historic Restaurant and Event Patio

    319 Pearl Street, New Albany, IN 47150

    $1,575,000
    11,442 sqft 0.11 AC lot
    Iconic building in a historic downtown district offering a prestigious presence.
    Includes an outdoor patio area adjoining a city park that hosts events and concerts.
    Operating winery/restaurant occupies the first and lower levels.
    Potential for a separate living space, unit, or Airbnb operation.
    Private living space with private entry at street level in the front and back.
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    East End Retail Opportunity
    East End Retail Opportunity

    514 Vincennes St, New Albany, IN 47150

    $350,000
    1,350 sqft

    Freestanding building with drive-thru in New Albany, Indiana.

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    Mixed-Use Apartment Building
    Mixed-Use Apartment Building

    207 East Main Street, New Albany, IN 47150

    $1,590,000

    For-sale mixed-use property with apartment units and first-floor restaurant space, available by appointment with notice.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 66 Potential Opportunities for your consideration. Besides 4 Active listings in New Albany, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 54 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Standalone Turnkey Restaurant Building
    Standalone Turnkey Restaurant Building

    1444 Dixie Highway, Louisville, KY 40210

    $330,000
    1,960 sqft

    2014-constructed, fully equipped building with a comprehensive commercial kitchen package for restaurant or related uses.

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    Prime Louisville Business Opportunity
    Prime Louisville Business Opportunity

    1444 Dixie Hwy, Louisville, KY 40210

    $350,000
    1,960 sqft 0.11 AC lot

    Turnkey Restaurant/Grocery, 2014 Build

    View details
    Commercial Building with Fenced Lot
    Commercial Building with Fenced Lot

    2928 W Kentucky St, Louisville, KY 40211

    Contact for pricing
    3,880 sqft 0.68 AC lot

    Fenced commercial building with office, multiple baths, and outdoor tent, offered with all furnishings in place.

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    Turnkey Restaurant Opportunity
    Turnkey Restaurant Opportunity

    1515 Lynch Lane, Clarksville, IN 47129

    $499,000
    3,600 sqft

    Updated restaurant building with patio and ample parking for sale.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Vacant Commercial Corner Lot
    Vacant Commercial Corner Lot

    7121 Highway 311 lot: 3, Sellersburg, IN 47172

    $495,000
    1.35 AC lot

    Vacant corner commercial lot zoned B-1, totaling 1.353 acres, located near Hwy 311 and Westmont Drive.

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    Vacant Corner Commercial Lot
    Vacant Corner Commercial Lot

    7213 Highway 311 lot: 4, Sellersburg, IN 47172

    $395,000
    1.36 AC lot

    Vacant commercial lot zoned B-1, positioned on a corner and near a key highway intersection.

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    Commercial Land Zoned C-2
    Commercial Land Zoned C-2

    3415 Bypass Road, Brandenburg, KY 40108

    $458,000
    4.58 AC lot

    4.58-acre tract in Brandenburg city limits, zoned C-2 at a major intersection with commercial development flexibility.

    View details
    Commercial Land at Signalized Corner
    Commercial Land at Signalized Corner

    Bypass Road, Brandenburg, KY 40108

    $1,350,000
    9.55 AC lot

    Nine-and-a-half-acre commercial land with extensive frontage, city utilities available, and zoning suited for flexible development.

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    Off-Market Properties in New Albany, IN

    Consider similar Off-Market properties in New Albany, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Grantline Rd
    RESTAURANT

    Grantline Rd, New Albany, IN 47150

    Value Estimation by Request
    2,870 sqft 0.60 AC lot
    View details
    2005 State St
    RESTAURANT

    2005 State St, New Albany, IN 47150-4921

    Value Estimation by Request
    3,826 sqft 0.37 AC lot
    View details
    4407 Charlestown Rd
    RESTAURANT

    4407 Charlestown Rd, New Albany, IN 47150-9570

    Value Estimation by Request
    2,292 sqft 1.07 AC lot
    View details
    804 Hausfeldt Ln
    RESTAURANT

    804 Hausfeldt Ln, New Albany, IN 47150-7270

    Value Estimation by Request
    4,860 sqft 1.16 AC lot
    View details
    3030 Grant Line Rd
    RESTAURANT

    3030 Grant Line Rd, New Albany, IN 47150-2454

    $1,200,000
    Estimated value
    5,436 sqft 0.46 AC lot
    View details
    1614 Spg St
    RESTAURANT

    1614 Spg St, New Albany, IN 47150-2845

    $600,000
    Estimated value
    18,983 sqft 0.18 AC lot
    View details
    2613 Charlestown Rd
    RESTAURANT

    2613 Charlestown Rd, New Albany, IN 47150-2528

    Value Estimation by Request
    0.38 AC lot
    View details
    2870 Technology Ave
    RESTAURANT

    2870 Technology Ave, New Albany, IN 47150-8550

    $525,000
    Estimated value
    3,970 sqft 1.23 AC lot
    View details
    2116 Spg St
    RESTAURANT

    2116 Spg St, New Albany, IN 47150

    Value Estimation by Request
    2,452 sqft 0.51 AC lot
    View details
    2350 State St
    RESTAURANT

    2350 State St, New Albany, IN 47150-4927

    $1,085,000
    Estimated value
    0.40 AC lot
    View details
    320 Pearl St
    RESTAURANT

    320 Pearl St, New Albany, IN 47150-9155

    $565,000
    Estimated value
    17,180 sqft 0.06 AC lot
    View details
    2743 Charlestown Rd
    RESTAURANT

    2743 Charlestown Rd, New Albany, IN 47150-1980

    Value Estimation by Request
    4,130 sqft 0.45 AC lot
    View details
    325 Spg St
    RESTAURANT

    325 Spg St, New Albany, IN 47150-3614

    Value Estimation by Request
    1,630 sqft 0.41 AC lot
    View details
    3012 Saint Joe Rd
    RESTAURANT

    3012 Saint Joe Rd, New Albany, IN 47150

    Value Estimation by Request
    1,577 sqft 0.40 AC lot
    View details
    4018 Grant Line Rd
    RESTAURANT

    4018 Grant Line Rd, New Albany, IN 47150-2138

    Value Estimation by Request
    2,340 sqft 0.49 AC lot
    View details
    45 1st St
    RESTAURANT

    45 1st St, New Albany, IN 47150

    Value Estimation by Request
    2,092 sqft 0.07 AC lot
    View details
    2309 State St
    RESTAURANT

    2309 State St, New Albany, IN 47150-4926

    Value Estimation by Request
    3,697 sqft 1.14 AC lot
    View details
    129 Market St
    RESTAURANT

    129 Market St, New Albany, IN 47150-3561

    Value Estimation by Request
    6,440 sqft 0.16 AC lot
    View details
    2212 State St
    RESTAURANT

    2212 State St, New Albany, IN 47150-4925

    $700,000
    Estimated value
    9,124 sqft 2.08 AC lot
    View details
    4301 Charlestown Rd
    RESTAURANT

    4301 Charlestown Rd, New Albany, IN 47150-9541

    Value Estimation by Request
    3,040 sqft 1.36 AC lot
    View details

    New Albany, IN Restaurants Market Trends and Statistics

    Explore 58 restaurants for sale in New Albany, IN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 16,166 square feet of properties for sale, with an estimated market value of $2,720,000.

    Sale prices for restaurant properties in New Albany, IN start at $350,000, averaging $906,666, and reaching up to $1,575,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 3
    Bars & Pubs 1
    Drive through restaurants 1

    Demographics Overview

    Population 50K
    Population Growth (5Y) +3.7%
    Median Household Income $62,212
    College Educated 18.3%

    High-Yield Neighborhoods for Investment

    Identify New Albany submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    47150 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 2.56%
    Property Tax per SF $33.47 per SF
    Tax Rate vs County Average 0.20 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Floyd County

    New Delisted

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