For Sale
$490,900

304 North DrHopkinsville, KY 42240

Established Italian eatery, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional, award-winning Italian restaurant presents a lucrative investment opportunity in Hopkinsville, KY. Located at 304 North Drive, this single-unit, owner-user property boasts a 15-year legacy of success. The 2,600-2,700 square foot building, constructed in 1976 and renovated within the last 8 years, sits on a 0.36-acre lot zoned B-1. The property includes ample parking for 25 vehicles. The restaurant comfortably seats approximately 60 patrons indoors and an additional 20 on its outdoor patio. A fully equipped kitchen supports the dining area, which is furnished with tables and chairs. Its prime location across from DeBow Recreational Park offers convenient access to downtown businesses and the hospital. Currently operating and generating a substantial NOI of $400,000, resulting in an 81.48% cap rate, this business enjoys a wide customer base extending beyond the local area. The asking price is $490,900. The property is available for occupancy on November 29, 2024. This is a rare chance to acquire a thriving, established restaurant with significant earning potential.

Highlights

  • Award-winning Italian restaurant with a 15-year history in Hopkinsville, KY.
  • 2,600-2,700 SF building on a 0.36-acre lot, zoned B-1, with ample parking (25 spaces).
  • Seats 60 indoors and 20 on the patio; fully equipped kitchen.
  • Prime location across from DeBow Recreational Park, near downtown and the hospital.
  • Strong NOI of $400,000 and an 81.48% cap rate; asking price $490,900. Available November 29, 2024.

Property Details for 304 North Dr

Property type
Retail properties, Restaurants
Square Feet
2,600 SF
Year Built/Renovated
1976/1
Buildings
1
Stories
1
Lot Size (sq. ft)
15,682 SF
Units
1

Location Insight

City
Hopkinsville
County
Christian
State
Kentucky
Latitude
36.8635973
Longitude
-87.5031401
304 North Dr, Hopkinsville, Kentucky

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304 North Dr
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