162 Court St Paoli, IN 47454

This exceptional commercial property in Paoli, Indiana, presents a unique investment opportunity combining a thriving business and substantial rental income. Situated on a prominent corner lot (0.17 acres) in the town square, the property boasts high visibility and accessibility. The ground floor currently operates as a bar and restaurant, complete with laminate flooring, two restrooms, a private party room, and an attractive patio. A valuable liquor license is included in the sale, allowing for immediate operation. Upstairs, seven rental units provide additional income streams. Six of these units underwent complete renovations in 2022, each featuring a private kitchen and bathroom. The seventh unit, currently unfinished, offers potential for future development or continued use as storage. The property's utilities are serviced by Duke Energy and the Town of Paoli Water. This versatile property offers a blend of established business and rental income, making it an attractive investment for those seeking a diversified portfolio. The asking price is $950,000. The building's square footage is not currently available. This prime location and the combination of commercial and residential income make this a rare and compelling investment opportunity.