Local Iconic Bar and Restaurant
1811 S Burlington Dr, Muncie, Indiana 47302
- Property Subtypes Food and Beverage ,
- Gross Building Area 3,407 SF
- Sale Price $415,000.00 Total
- Class of Space N/A
- Total Land Size 0.7 Acres
- Sale Terms Cash to Seller
- Cap Rate Undisclosed
- Last Updated 6/10/2019
- Status active
Overview / Comments
Landmark Restaurant/Bar located in Muncie, Indiana, operated by the same family since 1952. This is a complete package with real estate, equipment and inventory including 3 way Liquor License. The real estate is a .70 acre corner lot located at the northwest corner of Burlington and Memorial Drive includes the restaurant/bar, asphalt parking lot and a 2 unit residential dwelling. Full well equipped commercial kitchen, walk-in cooler, partial basement and 2 separate bar areas and plenty of seating. Extra income from the two unit residential dwelling as well as the leased pool tables, shuffleboard and juke box. The Oasis is located just off the Muncie Bypass with traffic counts of 17,000 to 18,000.
All equipment is owned and included in the sale except for the leased equipment mentioned above and a leased ice machine. Liquor license transfer requires application and approval by the State of Indiana. Additional parcels adjacent to the property are available and the assemblage would result in approximately 2.2 Acres.
- Property Visibility N/A