The property holding Molly Malone’s Irish Pub and restaurant, the beloved Covington pub, is for sale. But it’s not closing anytime soon, according to ownership.
Paul Grisanti, a listing agent for the Louisville-based Grisanti Group, confirmed that both the Louisville and Covington locations of Molly Malone’s are for sale. Grisanti added that the three owners would prefer to sell both properties to one party, but “everything is negotiable.” He said the current asking price is $8.2 million for both.
However, ownership is looking for a buyer who will let the beloved restaurants continue to operate; the current owners intend to run Molly Malone’s as they always have, while paying rent to a new owner of the building.
“The owners are looking toward their future, and they’re looking to divest themselves of the real property and cash out of the real property, but continue to operate the restaurant,” Grisanti said. “They have no intentions on closing the restaurant. They’re going to continue to operate it as it’s always operated, and they have the properties on the market to do a sale lease-back.”
Grisanti also said there have already been multiple possible buyers.
For more information on Molly Malone’s, visit the restaurant and bar’s official website.
