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138 East Market Street
New Albany, IN 47150
Asking Price
$1.40M
Asset Type
Business and Building Mixed-use
Class
Class B
What's Special
A Timeless Venue for Unforgettable Memories <p>**Prime downtown location in the heart of New Albany with strong visibility and proximity to the riverfront, dining, shopping, and ongoing redevelopment activity.</p><p></p><p>**Historic character and architectural appeal that create a unique atmosphere difficult to replicate in newer construction.</p><p></p><p>**Existing event venue operation with immediate income-producing potential through weddings, private events, proms, corporate functions, and entertainment uses.</p><p></p><p>**Sale inc
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NOI
$80,000
Cap Rate
5.71%
DSCR
0.96
Underwater
Cash-on-Cash
-0.74%
Monthly Payment
$6,926.436
Annual Cash Flow
$-3,117.234