1720 Old River Road,New Albany, IN 47150
New Albany, IN 47150
Description
Rare riverfront opportunity on 3 acres along the Ohio River in New Albany, IN. Currently operating as River's Edge Dive Bar, this two-level commercial building offers multiple bar areas, a newly updated interior, and an expansive outdoor entertainment area featuring a stage, outdoor bar, string lighting, fire pit, and covered lounge with pool table. The property's generous acreage provides ample room for future expansion, additional structures, or parking. Positioned along New Albany's growing riverfront, the site offers direct access to the Ohio River and sits in an area of continued regional investment, making it a strong opportunity for a restaurant, entertainment venue, or other riverfront concept, whether operated as-is or redeveloped. Sale includes the building and its contents, offering a turnkey opportunity for a buyer to close and reopen immediately. Ideal for an owner-operator or investor looking to capitalize on the area's continued growth.
Details
| MLS # | 2026011552 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 1927 |
| Days On Site | 10 |
| Listing Provided By | BHG Realty | Hayden Vanover |
Features
| SQ Feet | 9,453 |
|---|---|
| Acreage | 3.00 |
Taxes
| Tax Annual Amount | 379 |
|---|
Area Information
| State | IN |
|---|---|
| County | Floyd |
| City | New Albany |
| Zip Code | 47150 |
| Listing VS Median (in 47150) | |
Price: $1,850,000 low | high Med: $249,500 sqft: 9,453 low | high Med: 1,196 $ / sqft: $196 low | high Med: $209 On site: 10 low | high Med: 11 | |
Market Activity 47150
Request a showing
Request a showing
Contact
Learn More About This Property
| State | IN |
|---|---|
| County | Floyd |
| City | New Albany |
| Zip Code | 47150 |
| Listing VS Median (in 47150) | |
Price: $1,850,000 low | high Med: $249,500 sqft: 9,453 low | high Med: 1,196 $ / sqft: $196 low | high Med: $209 On site: 10 low | high Med: 11 | |
 |  |  |
© 2026 Coldwell Banker McMahan. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker McMahan fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
