Bar/Restaurant For Sale

Business Opportunity for Sale
Sale Pending/Contingent
Catylist Listing ID: 30826833
Property Subtypes: Food and Beverage
Status: Pending/Contingent
Building Size (RSF): 4,286 SF
Sale Price: $500,000
In Opportunity Zone? Yes
Name of Establishment: Past Time Grill and Pub
Year Business Established: 1997
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Living Accomodations: Yes
Sale Terms: Cash to Seller
Last Updated: 1/27/2023

Overview / Comments

Looking to own a bar or restaurant in blossoming downtown New Albany, Indiana? Here's your opportunity! Bar, dining room, 2 bathrooms & kitchen with walk in cooler on main level. 4 offices/storage rooms, kitchen, & bathroom upstairs. Cellar with another cooler and door leading outside. HUGE fenced in outdoor entertaining area with stage equipped with electric hookups. Beautiful 2 year old siding, red metal roof, & awnings. Over 4200 square feet of space! The possibilities are endless in the most perfect location on the corner of Fifth and East Market.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Industry Segment: Bars and Taverns
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Employee/Labor Description: 3 bartenders/ 1 cleaner
Growth/Expansion Opportunities: Upstairs was once apartment. Can be turned back in to one. Manager or tenant can live upstairs.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,137 85,739 192,746
Median Age: 35.17 36.4 36.77
Households: 5,509 35,096 80,739

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