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Listed by Krista Gibson • RE/MAX First Integrity
$ 575,000
Est. payment /mo
Active
1214 Broad ST New Castle, IN 47362
11,628 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 11,628 sqft
Price per Sqft $49
MLS Listing ID 22091600
Year Built 1900
Tax Year 2026
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Mixed Use
Property Description
Downtown New Castle opportunity with a major advantage: 1214 Broad Street is NOW OFFERED WITH AN EXISTING LIQUOR LICENSE, subject to Indiana Alcohol & Tobacco Commission approval and transfer requirements. Formerly Town Tavern, the main level retains its original bar and offers a strong start for a restaurant, bar, entertainment, or other qualifying hospitality concept. Improvements include a new roof, first-floor HVAC, updated storefront windows, and exterior doors. The attached parking lot adds convenience in the downtown corridor, while unfinished second and third floors create additional redevelopment potential, subject to zoning and approvals. For an entrepreneur seeking a recognizable location with existing bar infrastructure and an alcohol permit opportunity, this property stands apart!
Location
State IN
County Henry
Zoning Mixed use
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 3
New Construction false
Schools
Elementary Schools Parker Elementary School
Middle Schools New Castle Middle School
High Schools New Castle High School
School District New Castle Community School Corp
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
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