Restaurant/Bar and 2 parking lots

Special Purpose for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30180045
Building Size (RSF): 3,336 SF
Gross Land Area: 0.47 Acres
Sale Price: $190,000
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 3,336 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/9/2018

Overview / Comments

This property is comprised of 3 parcels of real estate, one improved with a buildings, 1 is a paved parking lot and one is a gravel parking lot. The one story restaurant/bar building contains 3,336 square foot and also has basement used for storage. Jasper is the county seat of Dubois County. Many major employers are located within 1 mile of the property. New multi-family residential development is occurring to the east with the renovation of old, multi-story manufacturing warehouse buildings to apartments. The location of this property near employment, downtown, and new and existing housing makes this location great for a successful restaurant/ bar.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $3,008 (Annual)
Tax Value Land $64,700
Tax Value Improvements $127,900
Assessed Value - Total($) $192,600 (Annual)

Additional Details

Nearest MSA: Jasper
County: Dubois
Tax ID/APN: 19-06-26-403-123.001-002,19-06-26-403-122.000-002
Zoning: R-3
Property Located Between: The property is located on the north side of 12th Street between Mill and Jackson Sts
Property Visibility: Excellent
Largest Nearby Street: Jackson, Mill and 12th Streets
Feet of Frontage: 840
Highway Access: Access to US Highway 231 - west on 12th Street 2 blocks.
Airports: Dubois County Airport , Evansville, Louisville
Site Description: Level at grade site with access from 12th Street
Area Description: This property is located north of Jasper's downtown, the county seat of Dubois County. Many major employers are located within 1 mile of the property. New multi-family residential development is occurring to the east, renovation of old, manufacturing warehouse buildings to apartments. The location of this property near employment, downtown, new and existing housing makes this location great for a successful restaurant/ bar.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1915
Year Renovated: 1999
Roof Type: Flat
Construction/Siding: Aluminum Siding
Exterior Description: Restaurant/ Bar is a 1 story, with basement, aluminum sided building. .
Parking Type: Surface
Parking Description: Asphalt paved parking lot with approximately 24 parking places. The gravel parking lot contains approximately 18 parking places. Total onsite parking is estimated to be 42 parking spaces. Additional parking is available on 12th Street and Mill Street
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Interior Description: The restaurant/bar building has a bar with a seating capacity of 50. The attached restaurant has a seating capacity of 70. Total seating available for the restaurant bar is120 patrons.
Zoning Description: R-3 medium density residential
Lot Frontage: 330
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Land Ownership: fee simple
Legal Description: Maurice De St. Palais Pt Lot 41 and Pt. of lot 40

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,843 14,725 20,079
Median Age: 37.76 40.19 40.77
Households: 1,578 5,923 7,981

Contact

Photograph of Listing Agent

Debra S. Olinger, CCIM

SVN | The Martin Group CPIX Member
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