2 Bldgs Downtown Jeffersonville Rest/Pub

Retail-Commercial for Sale
Catylist Listing ID: 30804862
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Building Size (RSF): 2,424 SF
Gross Building Area: See Agent
Sale Price: $365,000
Unit Price: $150.58 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,424 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2022

Overview / Comments

Waiting on a Downtown Jeffersonville opportunity? Well, wait no more, here it is. Downtown continues to see great growth. The City continues their work on the newly created Art District. City coordinated events and additional events that the Main Street Organization also helps promote (jeffmainstreet.org). Live entertainment on the Riverfront, a wharf, an overlook area and great views. 100's of new apartments, new condos with more on the way. Great walkability and plenty of customers at your door. Downtown has several independent restaurants, boutique shops, pubs, museum next door and its close to the library. Several service type businesses. Depending on how many employees you bring, you may qualify for incentives. This property is NOT in the historic district, however most everything nearby is. There are 2 separate bldgs, but they are adjoined. One was the bldg and the other was added recently. This site would make a great restaurant,
pub, brewery and offers some incentives that may be helpful. It is in the Urban Enterprise Zone (UEZ), the Riverfront Redevelopment District, which allows for a $1,000 3-way liquor license. Talk with the City about your plans to bring
something new and exciting to Downtown Jeffersonville.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-19-00-101-449.000-010
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Federal St and 7th Street
Property Visibility: Excellent
Largest Nearby Street: 10th Street
Highway Access: Immediate to I-65, I-265
Airports: Louisville International, Clark County Regional
Site Description: 2 bldgs, fronting Spring St, asphalt lot serving as private parking. Streets flanking front and both sides.
Area Description: Near lots of new and long term businesses. cup cakes, hardware store, hisorical candy maker and just a cool Downtown thats like an All American City feel.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Exterior Description: Metal and concrete block
Parking Type: Surface
Parking Description: Private and free City street parking
Sprinklers: None
Interior Description: Raw in the original bldg as it was stripped out. The new bldg has new concrete floor and plumbing for a kitchen.
Zoning Description: Commercial Downtown allows for most all things retail, office, restaurants, pubs, bakeries, finance, medical as all are in the area.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOTS 1-2 BLK 66

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,841 106,607 291,809
Median Age: 39.93 36.5 37.45
Households: 3,117 48,022 126,619


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