$550,000 1507 S Memorial Drive New Castle, IN

MLS: 21763138   Type: Commercial   County: Henry   City: New Castle   Area: Henry   Zip: 47362   Style: Retail     Taxes: $7,888

Mortgage $2,582 /mo



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Excellent business opportunity with a prime location on heavily traveled State Road 3. This listing is 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 with 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 off of the kitchen. Large deck on the back side of the building allows for outdoor seating or entertainment services.

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Price History

1/26/2021 Listed $550,000

City New Castle
Contingency Act with no Contingency
County Henry
Current Use Restaurant
Days on Market 6
Directions 3 & 70 - North on SR 3 to property on the west.
Disclosures Not Applicable
New Construction N
Possession Negotiable
Property SubType Retail
Property Type Commercial Sale
Standard Status Active
Status Active
Street Name Memorial
Tax Year 2017
Total Rooms 0
Township Henry
Year Built 1980
Zoning comm

Interior Features

Full Baths 0
Half Baths 0
Street Suffix Drive
Total Baths 0
Total Bedrooms 0

Exterior Features

Building Area Total 0
Lot Size Acres 1.05

Property Schools

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Gallery (13 photos)

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Property vs Zip Code Avg (47362)

Price 550K Avg 156K

Sqr Feet 4,288 Avg 2,108

Cost / Sqr Ft $128 Avg $74

Taxes $7,888 Avg $5,757

Acres 1.05 Avg 0.88

Visits 64 Avg 47

Days on Site 366 Avg 313

Walkscore® 58 Avg 53

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Scott Lightfoot with ERA Integrity

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Location & Address

Dr. Tom Galovic
107 N State Road 135, Suite 101-5
Greenwood, IN