183 Main StRussellville, KY 42276

Property Details for 183 Main St

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

5,600 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

068-08-01-022-00

APU

68080102200

Description

This exceptional Italian bistro and bar, located at 183 S Main Street in the heart of historic downtown Russellville, Kentucky, presents a rare investment opportunity. The property sits on a 0.07-acre lot and offers approximately 117 seats within the main dining area, plus a dedicated banquet room ideal for private events and functions. The fully equipped kitchen is ready for immediate operation, and the fully stocked bar contributes significantly to the restaurant's inviting atmosphere. A recent addition of a stair chair ensures accessibility for all patrons. The upper level boasts a bathroom and kitchen area, presenting versatile potential for owner's living quarters or additional operational space. This well-established restaurant enjoys a strong regional reputation, drawing customers from Russellville, Bowling Green, KY, Nashville, TN, and Clarksville, TN, known for its delicious pasta dishes and acclaimed crab cakes. The current owner is motivated to sell due to health reasons and is open to offers. This turnkey operation is poised for continued success under new ownership, representing a unique chance to acquire a thriving business in a desirable location. The asking price is $1,387,000. This is a truly exceptional opportunity to own a piece of Russellville's culinary history.

• CAP approach

  CAP return

  Valuation

  6%

  $1,422,095

  6.5%

  $1,312,703

  7%

  $1,218,939

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,214,761

  Geo Method

  $1,214,761

• Alternative Use

  Use

  Valuation

  Residential

  $1,107,314

  Hospitality

  $1,014,294

  Educational

  $843,881

  Medical

  $872,903

  Retail

  $1,312,703

Location Insight

City

Russellville

County

Logan

State

Kentucky

Latitude

36.8448

Longitude

-86.8869

Property Tax & Assessments

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