Renovated 2022 Restaurant- Downtiown Jefferonville

Retail-Commercial for Sale
Catylist Listing ID: 30837511
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 7,525 SF
Gross Building Area: 7,925 SF
Sale Price: $1,400,000
Unit Price: $186.05 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: The Common Haus Hall
Usable Size (USF): 7,525 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/23/2023

Overview / Comments

Downtown Jeffersonville continues to grow offering a variety of restaurants. View of the river,tons of outdoor seating at all levels of decking. Entire building has been renovated (2022) and shows very well. Inside you will find what looks like a newly finished space. There is equipment that the previous Operator is willing to negotiate with new owner as they have a lease on the equipment (inventory can be provided by previous Operator). The hood and one walk-in are part of the purchase price and are in place. Room for more patio seating if desired. You can apply for the 3-way liquor license, which is only $1000 annually. New HVAC systems, alarm system, new roof and newly finished work throughout. This property has served Downtown very well as a restaurant and pub for several decades and will do so for many more to come. Plus several outdoor entertainment events, Art & Historic District, Riverfront Wharf and Docks, Main Street Events, Farmers Market and more.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-19-00-102-972.000-010
Zoning: CD- COMMERCIAL DOWNTOWN
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: E Market Street and Riverside Dr
Property Visibility: Excellent
Largest Nearby Street: E 10th Street
Highway Access: Immediate to I-65 which links to I-265 and I-64 within 5 minutes. You are about 2 minutes from Downtown Louisville as there are 3 bridges in the immediate area that allows for quick in and out access to and from Louisville if desired.
Airports: Louisville International, Clark County Regional Airports
Site Description: Historic Downtown, walk and see river from property, near other restaurants and retailers, short stroll to City sponsored river events concerts and more.
Area Description: Downtown Jeffersonville is an All American Small City across from Louisville KY. Downtown has a walking bridge that allows for a unique opportunity for those looking for some health and fitness strolls. Check out the neat boutique shops, businesses, antiques, flowers, coffee, a host of various eateries and be sure to check out Schimpfs Candies as they make it in front of you,
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1860
Year Renovated: 2022
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Typical of the great architecture of the 1860c and its unique levels at 3 storys with impressive roof line fronting the street and a side wall that could be used for advertising with proper approval from the City and Historic Review Board.
Parking Description: Free City street parking
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Renovated in 2022 the finish was created for a German Style restaurant. # levels of spaces that were intended for group table setting and or event options for groups too. Lots of unique space as the historic elements pop at at you. You'll like it- I'm sure of it.
Zoning Description: CD- Commercial Downtown This district is established for special land use goals and objectives for the downtown area of Jeffersonville.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: 134 Spring Street Property, LLC
Legal Description: Block C Pt Lots 54- 55

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,580 115,581 297,802
Median Age: 38.38 36.68 37.59
Households: 3,352 52,706 130,050

Contact

Photograph of Listing Agent

Michael A Kopp

RE/MAX FIRST KCREA Member
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