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$1,300,000
Est. payment /mo
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2026013077
Construction Status Resale
Year Built 1921
Annual Tax Amount $15,554
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Business
Property Description
Own a downtown landmark and the opportunity that comes with it! The Grand at 138 E Market Street combines timeless character, an established event business, and an exceptional setting in historic downtown New Albany. This fully operational, income-producing venue hosts weddings, receptions, proms, corporate gatherings, and private celebrations, with a versatile layout and distinctive architectural details that create a memorable backdrop for every occasion. Convenient access to Louisville and major highways attracts local and regional clientele. The turnkey sale includes more than $200,000 in inventory and equipment, including tables, chairs, linens, kitchen equipment, coolers, prep equipment, a press, and more providing the essentials to continue operations and bring your vision to life. The City of New Albany has discussed potential restoration and updates to the iconic marquee and exterior sign; however, timing and completion have not been confirmed. Ongoing downtown revitalization and potential business incentives add to the opportunity for a new owner to build on The Grand's established presence. Explore the possibilities and make The Grand's next chapter your own! Additional photos: https://grandnewalbany.com/gallery
Location
State IN
County Floyd
Direction GPS friendly.
Interior
Fireplace No
Exterior
Present Use Hotel/Motel,Other,Restaurant,Special Use
Building
New Construction No
Construction Status Resale
Others
Tax ID 220500200300000008
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Listed by Kovener & Associates Real Esta
Nearby School & Business
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