Listed by Midland Retail
$1,550,000
Cold Spring Turn Key Restaurant
Details
Property Type Retail
Sub Type Restaurant
Square Footage 3,500
Tenancy Vacant
Broker Co-Op Yes
Year Built 2003
Year Renovated 2020
Buildings 1
Stories 1
Acreage 1.470
Zoning MUPD
Parking Spaces 44 spaces
Parking Per SqFt 12.57
Recently renovated 2021 turn-key restaurant> All new FF&E when renovated and included
Marketing description
We’re excited to present this turnkey restaurant opportunity located in the high-traffic Alexandria Pike Corridor. Originally a bank, the property was rebuilt and stunningly transformed in 2020, blending modern functionality with unique architectural character. The property features unique finishes and exceptional benefits, making it a must-see location.
Adjacent Lot 1.01 also for sale. Partially paved and was used by former IHOP adding 42 parking spaces and additional access. See photos and link.
https://midlandretail.com/wp-content/uploads/2024/08/Cold-Spring-KY-Pad-Site-Price-Reduced.pdf
Investment highlights
- $1,000,000 renovation/buildout includes $240,000 +/- of new kitchen equipment and new furniture purchased and installed in 2021 (inventory list available upon request)
- Dining room offers a two-story atrium ceiling with amazing natural light, coffee bar, back patio with gas fire pit, carry-out window, and drive-thru
- Neighboring tenants include: The Home Depot, Kroger, Kohl’s, Pet Supplies Plus, Staples, Longhorn Steak House, and O’Charley’s
- Located off the Alexandria Pike exit with good visibility from the AA Highway
- Adjacent, paved 1.01-acre lot used by the restaurant is being sold separately
- Freestanding
- Highway Visibility
- Monument Signage
- Restaurant
Listing Contacts
Listed by Midland Retail
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
