138 E Market St - Specialty FOR SALE


New Albany, IN 47150- Downtown New Albany
$1,400,000 USD
812-820-1645
138 E Market St, New Albany, IN for Sale
$1,400,000 USD
Specialty - FOR SALE
1/2
null | Request Cap Rate

138 E Market St
New Albany, IN 47150
Downtown New Albany


HIGHLIGHTS

  • Heavy traffic
  • Turnkey
  • Renovated in 2002-2003

OVERVIEW

Welcome to The Grand, a beautifully maintained and highly sought-after event venue located in the heart of historic downtown New Albany. Located at 138 E Market Street, this established property offers a rare opportunity to acquire a fully operational, income-producing venue with a strong reputation for hosting weddings, receptions, proms, corporate functions, and private events. Designed with both elegance and functionality in mind, the venue features a versatile layout that accommodates a wide range of gatherings, complemented by timeless architectural details that create a warm and inviting atmosphere. Its prime location—just minutes from Louisville with convenient access to major highways—continues to draw both local and regional clientele. This is a true turnkey offering, including over $200,000 in existing inventory and equipment. The sale includes tables, chairs, linens, a fully stocked kitchen, coolers, prep equipment, a press, and more—allowing a new owner to step in and operate immediately without significant upfront investment. Whether you are an investor or an entrepreneur entering the thriving events industry, The Grand offers income potential with room for continued growth. Showings by appointment only. Visit https://grandnewalbany.com/gallery for additional photos!

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$117 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,664 SF

ZONING

Commercial

APN/PARCEL ID

22-05-00-200-300.000-008

ASK ABOUT THIS PROPERTY

Tamara BargerKovener & Associates Real EstateMore Info
812-820-1645

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Tamara BargerKovener & Associates Real EstateMore Info
812-820-1645

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.