FOR SALE- Downtown Seymour Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30565901
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 9,963 SF
Gross Building Area: 11,463 SF
Sale Price: $520,000
Unit Price: $52.19 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 9,963 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2020

Overview / Comments

FOR SALE (or LEASE)- Bring your kitchen equipment. We have a new 15ft hood now installed. The Owner has a 3-way liquor license (beer, wine and spirits) and can arrange for a transfer with agreed terms. Owner has some small wares that a Buyer can purchase if interested. Owner installed 2-5 ton HVAC units plus a 7.5 ton unit (all new). Owner/Landlord will also allow for an option to purchase with a 5 year lease. Downtown Seymour is on the move for 4-5 more restaurants, brewery, winery, distillery and more boutique shops. Downtown is ready for an upscale casual restaurant. The locals want Italian and the newly renovated space has a kitchen area, bar, new ADA restrooms, approx 800 sf free bonus storage area, refinished wooden floors, exposed brick, fresh paint, ornate metalworking, high ceilings, new awning waiting for your restaurant name. Downtown Seymour has experienced a number of great things in the last 3 years with several buildings being sold, leased, renovated and with more to come. There are new boutique retailers that have arrived. The local main street program has a rent assistance program $500/m for 1 year. My goal is to bring 4-5 more restaurants, a brewery, winery, more boutique shops and specialty shops. The City just added a new 3.24 acre family park and another interactive park in Downtown for events, farmers market, concerts, movies and more. Come see what Seymour has to offer. Don't miss the opportunity to get in early. Watch for more 2nd & 3rd floor apartments being renovated and the possibility of some cool urban living. ALSO AVAILABLE FOR LEASE- contact listing Agent

Additional Details

Nearest MSA: Seymour
County: Jackson
Tax ID/APN: 366617317029000009
Zoning: C 4 CENTRAL BUSINESS DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: W 2nd and Hwy 50/Tipton Street
Property Visibility: Good
Largest Nearby Street: Hwy 50
Highway Access: About 1 mile from I-65
Airports: Freeman Municipal Airport, Clark County Regional Airport, Louisville International Airport Indianapolis International Airport
Site Description: A 3 story historical bldg. surrounded by many other historical bldgs. in a historically rich Midwest downtown small All American City. Like many of our small downtowns across America, Downtown Seymour is also seeing buildings be sold, leased and newly renovated for a rebirth of things to come.
Area Description: Situated in a historic downtown with architecturally rich buildings of various styles and about 20,000 people hungry for a revitalized downtown. New park, plenty of employers, easy travels to Louisville or Indy if you want to hit the "big" city. Small town feel, with big heart folks and a City ready to support you. John Mellencamp recently signed off on a 35ft mural of him and its already bringing folks Downtown. How great is it to have someone like John Mellencamp to be from your hometown. So many more great things coming and you can be a part of the growth and revitalization. Latest opening are the Dragonfly Boutique, Vat and Barrel. Castle Games and a book store is opening as well. Another restaurant is anticipated in Fall 2020. Call me and we can tour the area and talk about how you can get involved.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 3,321 SF
Property Condition: Excellent
Year Built: 1892
Year Renovated: 2018
Exterior Description: Recent exterior renovations include windows refurbished, safety glass added for store front, paint, new awning (ready for your Italian name) or whatever you might bring to downtown.
Parking Type: Surface
Parking Description: Free designated City parking lots and free street parking
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Exposed brick, historical character uncovered and revealed, reuse of reclaimed materials where possible. Currently laid out and recently prepared for restaurant use that includes a open kitchen, bar for 21 and over only area, mezzanine area suitable for groups or musical performance guest. Wooden floors, new restrooms, newly finished storage and all new electrical, plumbing, HVAC and more. Its ready- are you?
Zoning Description: C 4 Central Business Districtis intended as a traditional center of commerce for the city. This district is characterized by traditional downtown developmental patterns and uses, including buildings located close to the street, pedestrian orientation, financial and governmental centers, retail and entertainment uses.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 26 X 80 LOT 94-W 16 X 80 LOT 93-W

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,723 17,419 25,201
Median Age: 34.18 36.36 37.34
Households: 3,020 6,916 9,880

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