Restaurant, AirBnB, Owner's Suite for Sale in Downtown Elizabethtown

Retail-Commercial for Sale
Catylist Listing ID: 30859925
Property Subtypes: Mixed Use, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 5,601 SF
Gross Building Area: See Agent
Sale Price: $1,199,000
Unit Price: $214.07 PSF
Property Use Type: Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/1/2023

Overview / Comments

Downtown Elizabethtown Multi-functional Property

Prime Location: Situated in the heart of downtown Elizabethtown, the property offers unparalleled access to local attractions, shopping, and the business district.

Diversified Revenue Streams: The property's multifaceted nature combines a thriving restaurant, a one-bedroom AirBNB, and an owner's unit that includes 2 Bedrooms, providing multiple avenues of income.

Turnkey Restaurant Operation: The restaurant component is fully operational with a loyal customer base, a trained staff, and a well-established menu. Its ambiance encapsulates the local culture, making it a favorite spot for both locals and tourists.

AirBNB Potential: The one- bedroom AirBNB is a lucrative venture due to Elizabethtown's growing tourist appeal. This offers an opportunity for passive income with the rising popularity of short-term rental platforms.

Owner's Comfort: The property boasts a private 2 -bedroom owner’s unit, ensuring personal space while managing the business. This feature is ideal for entrepreneurs who value a work-life balance.

Architectural Charm: The building, which was built in 1880, carries historical and architectural significance, further attracting guests who appreciate a mix of the old-world charm with modern amenities.

Growth Opportunities: The downtown Elizabethtown area has seen consistent growth in foot traffic and tourism. Future prospects include a hotel and multi-family apartment complex in the downtown area.

Integrated Operations: With the units and the restaurant on the same property, managing operations becomes seamless. The synergistic model allows for cost-saving, efficient management, and cross-promotion between the restaurant and the AirBNB.

Community Involvement: Being a part of the downtown scene, the property often gets involved in local events and festivals, ensuring a steady influx of guests and bolstering its reputation.

Sustainable Model: In a world leaning towards sustainability, having multiple operations under one roof reduces the carbon footprint, making it an environmentally friendly investment.

This multifunctional property in downtown Elizabethtown offers 5,601 square feet and a blend of tradition and modernity, making it a unique and promising investment opportunity.

Additional Details

Nearest MSA: Elizabethtown-Fort Knox
County: Hardin
Tax ID/APN: 221-10-14-018
Zoning: MIXED
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: West Dixie Ave
Highway Access: Minutes from Highway 31 and Interstate 65.
Airports: Muhammad Ali International Airport
Area Description: Downtown area close to hotels, retail, and new developments. Public parking available close by.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1880
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,557 27,717 37,112
Median Age: 37.98 36.19 37.12
Households: 2,965 11,372 15,035


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