Multi Use

Retail-Commercial for Sale
Catylist Listing ID: 30832010
Property Subtypes: Mixed Use, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 6,071 SF
Gross Land Area: 1.31 Acres
Sale Price: $390,000
Unit Price: $64.24 PSF
Property Use Type: Vacant/Owner-User
Building Name: Corey
Usable Size (USF): 5,864 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 25
Last Updated: 3/3/2023

Overview / Comments

Commercial Building with high visibility and traffic location on east-side of Crawfordsville on Darlington Ave (St Rd 32 / Lebanon Rd), 5864 Sq Ft brick on 1.31 acre paved lot, currently set-up as restaurant / bar, but unlimited commercial possibilities including retail, office and medical. Equipment and furnishings included, kitchen with Ansul hood system, walk-in coolers and other kitchen/bar equipment (excluding leased equipment)
3-way liquor license can also be available, but not included in price.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $7,226 (Annual)
Tax Value Land $106,800
Tax Value Improvements $145,900
Assessed Value - Total($) $252,700 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $7,045 (Annual)
Tax Value Land $106,800
Tax Value Improvements $140,500
Assessed Value - Total($) $247,300 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $6,394 (Annual)
Tax Value Land $88,400
Tax Value Improvements $160,400
Assessed Value - Total($) $248,800 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $5,523 (Annual)
Tax Value Land $88,400
Tax Value Improvements $117,100
Assessed Value - Total($) $205,500 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $8,437 (Annual)
Tax Value Land $88,400
Tax Value Improvements $235,800
Assessed Value - Total($) $324,200 (Annual)

Additional Details

Nearest MSA: Crawfordsville
County: Montgomery
Taxing Authority: Crawfordsville
Tax ID/APN: 54-07-33-200-016.001-028
Zoning: B 3
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: Darlington Ave is State Road 32
Feet of Frontage: 200
Traffic/Vehicle Count: 10,000
Highway Access: State Road / City Street
Airports: Indianapolis 45 miles, Lafayette 35 miles, Crawfordsville 7 miles
Site Description: Building on front lot of shopping center
Area Description: Mixed use area with restaurants, retail, auto dealership, medical, factories and housing
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1973
Roof Type: Hip
Construction/Siding: Wood Frame
Exterior Description: Brick and siding
Parking Type: Surface
Parking Description: 60 + spots on owned lot and multiple parking on adjoining shopping center lot
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Fiber Optic
Interior Description: Has been restaurant, currently has bar and also was sandwich shop
Zoning Description: Business
Lot Frontage: 200
Lot Depth: 250
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities, Other
Easements Description: Ingress/Egress and Cross easements
Land Ownership: Owned
Legal Description: PT EH NWQ 33-19-4 1.309 A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,258 17,753 22,348
Median Age: 36.71 37.81 38.59
Households: 1,613 7,149 8,903
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