Auction Items For Sale
CLARKSVILLE REAL ESTATE ONLINE ONLY AUCTION
FORMER O’CHARLEY’S RESTAURANT
6,800+ SF, 1.29 ACRES, HIGH TRAFFIC AREA
FRONTAGE ON VAXTER AVE & CEDAR ST
OPENING BID OF $499K - 2021 APPRAISAL OF $850K
ONLINE ONLY - BIDDING ENDS AUGUST 25
ADDRESS: 1440 Vaxter Ave., Clarksville, IN 47129
Located immediately off I-65 & Lewis & Clark Pkwy., only 0.6 mile from Green Tree Mall & Bass Pro!
OPENING BID/APPRAISAL INFO: Real estate has an opening bid of $499,000. The property will sell to the highest bidder once the opening bid has been placed. Appraised in April 2021 by Fore & Rohan for $850,000.
REAL ESTATE: Includes a 1994 built, casual dining restaurant establishment (formerly O’Charley’s, but could easily be re-themed), situated on a 1.29+/- acre lot with 215’ of road frontage on BOTH Vaxter Ave. (west side) and Cedar St. (east side), and located within EXCELLENT proximity to high traffic retailers including the Green Tree Mall, Bass Pro, Dick’s Sporting Goods, and numerous others. Some building updates may be necessary for a different user, but this is a STRONG investment opportunity! Property was formerly leased to O’Charley’s for $9,473 monthly NNN. Clark County has a population of 118,000+ and steadily growing! Building features: 6,810+/- SF, wood and concrete block frame, brick veneer siding. Interior features: Entry area leads to segmented dining areas with various floor elevations, bar area, restrooms, and commercial grade kitchen with attached cooler & freezer; fluorescent & incandescent lighting; 9-10’ ceiling; combination of ceramic tile and carpet in dining areas. Exterior features: 38,890 SF asphalt parking lot includes 113 parking spaces, pole sign visible from I-65 and Lewis & Clark Pkwy. (which had a traffic count of 28,500 VPD as of 2015), additional pylon sign facing Vaxter Ave., landscaping. Mechanicals: HVAC-roof mounted natural gas self-contained furnaces with condensers; 1,200 amp main breaker; 2 restrooms w/11 fixtures; kitchen & bar contain several sinks, floor drains and other plumbing fixtures; wet sprinkler system; security alarm. Don’t miss your chance! So many possibilities!
THREE WAY LIQUOR LICENSE AVAILABLE TO NEW OWNER.
INSPECTION/OPEN HOUSE: Fri August 13 12-1 PM or by appointment.
EQUIPMENT: All equipment located in building will be included with the real estate.
POSSESSION/CLOSING INFO: Possession at closing. Buyer to pay all closing fees except deed prep.
ZONING: B-2, General Business
UTILITIES: Electric-Duke Energy; Water-Indiana American Water Co.; Sewer-Town of Clarksville; Gas-Vectren
LEGAL DESCRIPTION: Lincoln Park-Blk B Lots 20-25 & Lots 38-43---Pt Legal Fm Vacd Keys 24-15-16/17/18/20/21/30/31/32/ 33/& 34 (03-04)
TAXES: $10,740.00/per installment (based on current owner exemptions)
PARCEL ID: 10-24-03-200-136.000-013
SELLING IN COOPERATION WITH: David Fonseca, Bridge Realtors