Waterfront
Address
906 E 1st Street Madison, IN
Price
$ 2,950,000
Property Attributes
- MLS#202005805
- TypeCommercial
- CountyJEFFERSON_IN
- CityMadison
- AreaMadison
- Zip47250
- StyleService Business
- Year Built1956
- Taxes11625
- Price$ 2,950,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage28860
- Lot Size4.24 Acres
Listing Provided Courtesy Of:
Jim Pruett with eXp Realty, LLC
Data Source:
Southern Indiana REALTORS Association, Inc.
Property Description
The Riverboat Inn and Suites is a 2-story building overlooking the river with 21 rooms and a lounge and is currently the only riverfront hotel property in Madison. With expansive views of the river and a large outdoor venue of patios, enclosed heated porches and grassy play areas, this makes for a great event venue. On the same property is the “Pilot House” with an additional 5 rooms and outdoor pool. All rooms have 2 beds and are individually decorated. Rooms feature flat screen TVs, pillow top beds, fireplaces, hardwood floors, mini refrigerator, microwave and wi-fi. Included in the Riverboat Inn and Suites and within walking distance of the main building are the Paddlewheel and Captain’s Quarters. The Paddlewheel features 24 1-bedroom rooms, exterior corridor and an outdoor patio area. The Captain’s Quarters has 9 condos with an interior corridor – (1) 1BR/1BA, (2) 2BR/1BA, (4) 2BR/1.5BA, (1) 3BR/1BA and (1) 4BR/2.5BA. Included in the sale of the property is a FULL Bar liquor license, 7 passenger shuttle van and 6 passenger golf cart. The festivities of Madison are almost weekly with the largest events including Chautauqua for the Arts, Madison Regatta, Madison Ribberfest BBQ and Blues, Soup, Stew, Chili and Brew, Candlelight Tours and many more. 10 minutes from 2 Public Golf Courses and Hospital, 30 minutes from Belterra Casino and Resort and 50 minutes from CVG and SDF Airports.
| Price History | |
|---|---|
| 2/11/2020 | Listed $3,550,000 |
| 12/17/2020 | 17% - $2,950,000 |
General Features
| Business Type | Hospitality |
|---|---|
| Current Use | Service Business |
| Property Type | Commercial Sale |
| PropertyCondition | Resale |
| Township | Madison |
Exterior Features
| Lot Size Acres | 4.24 |
|---|---|
| Lot Size Square Feet | 184694 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 47250
Price
Taxes
Visits
Year Built
Walkscore
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