Excellent business opportunity with a prime location on heavily traveled State Road 3. This listing is right on the main highway running through New Castle with substantial traffic flow. This commercial listing features a huge, lighted parking lot that is exclusively for the business. 10″+ vaulted ceilings. Large open concept. Bar area that can be sectioned off to be separate from the seating area. Huge back room area that has the capacity to host company banquets. Public restrooms. Kitchen area has been well kept and thoroughly cleaned with 2 walk in freezers and a storage area. This area also includes an isolated manager’s office.

Additional Features and Details:

• PROPERTY TYPE Commercial
• STATUS Active
• MLS # 202102594
• 1507 S. Memorial Drive, New Castle, IN 47362
• ORIG $550,000
• CURRENTLY LEASED Yes
• AREA Henry County
• PARCEL ID

• DIRECTIONS State Rd 3 & State Rd 38: South on SR 3 to property on the west.
• REMARKS  Excellent business opportunity with a prime location on heavily traveled State Road 3. This listing is right on the main highway running through New Castle with substantial traffic flow. This commercial listing features a huge, lighted parking lot that is exclusively for the business. 10″+ vaulted ceilings. Large open concept. Bar area that can be sectioned off to be separate from the seating area. Huge back room area that has the capacity to host company banquets. Public restrooms. Kitchen area has been well kept and thoroughly cleaned with 2 walk in freezers and a storage area. This area also includes an isolated manager’s office.
• APPROX LOT SIZE 45,738

• TOTAL AG SqFt 4,288
• ANNUAL TAXES $6,987
• YR TAXES PAID 2020
• ASSD VALUE $ $259,400
• PROPERTY INFORMATION: ACRES 1.0500
• # STORIES 1
• INTERIOR HEIGHT 10 ft+
• CEILING HEIGHT 10 ft+
• BUILT 1976
• NEW No
• PRESENT USE Bar, restaurant
• PROPERTY USE Investment property
• BASEMENT/FOUNDATION Slab
• HEATING/FUEL Electric, Forced Air
• COOLING Central Air
• EXTERIOR Brick, Wood
• SALE INCLUDES Building, Land
• FIRE PROTECTION City
• ROOF MATERIAL Shingle
• INERIOR WALLS Drywall, Wood
• FLOORING Carpet, Ceramic Tile
• PARKING Lot, Paved
• INTERNAL ROOMS Kitchen, Office
• WATER UTILITY City
• SEWER City
• SPECIAL FEATURES 440 Volts, Single Phase, Handicap Access, Office Space, Public Restroom, Refrigeration/Freezer
• PROPOSED FINANCING Cash, Conventional, VA
• DOCUMENTS AVAILABLE LBP Form
• PUBLIC UTILITIES Electric Hook-Up, Gas Hook Up, Mun. Sewer Hook-Up, Mun Water Hook-Up
• SPECIAL ASSESSMENTS None
• LISTING COURTESY OF Scott Lightfoot
• LISTING OFFICE: ERA Integrity Office – MAIN:  765-529-2211