1301 Barth Ave - Bar FOR SALE


Indianapolis, IN 46203- Fountain Square
$1,390,000 USD
317-730-3793
1301 Barth Ave, Indianapolis, IN for Sale
$1,390,000 USD
Bar - FOR SALE
1/4
null | Request Cap Rate

NEW


1301 Barth Ave
Indianapolis, IN 46203
Fountain Square


HIGHLIGHTS

  • PRICE & PACKAGE IMPROVEMENT!! SELLERS ARE MOTIVATED!! PERFECT FOR USER OR INVESTOR!!
  • WITH THE RENTED HOUSE AT 1335 BARTH, THE ASKING PRICE IS $1,690,000 (house may not be purchased individually)
  • INCLUDES BUILDABLE LOT ON SHELBY. 1301 BUILDING GOOD FOR VARIETY OF USES (GROCERY, MEETING & RECEPTION HALL, INDOOR SPORTS)

OVERVIEW

PRICE & PACKAGE IMPROVEMENT!! SELLERS ARE MOTIVATED!! NOTE: 1301 BARTH AND 1310 SHELBY MAY BE PURCHASED TOGETHER (WITHOUT THE RENTED HOUSE AT 1335 BARTH*) WITH ASKING PRICE OF $1,390,000!! *WITH THE RENTED HOUSE AT 1335 BARTH, THE ASKING PRICE IS $1,690,000 (house may not be purchased individually). (1301 Barth) 11,060 +/- retail/warehouse/multi-use building on .57+/- acre, 27-car paved parking (zoned CS); Currently leased as a brewery/bar (but could be negotiated to work for a user/occupier)with high ceilings, multiple overhead doors + ample parking lot - 2026 rent, $8,357.55/month NNN - Based on current lease which runs with rent increases to Jan. 2028, plus two 1 year options to renew at increased rent. (1310 Shelby) adjacent .088 +/- acre level corner lot fronting busy Shelby Street (zoned MU1); (1335 Barth) adjacent 1,977 +/- sf (includes basement and deck), nicely updated 3 bedroom, 2 bath rented house with 3 off-street parking spaces on 3,040 +/- sf corner lot (zoned D5 & CS). Projected rent for 2026, $2,100/month - Based on 4% annual rent increase from current lease PRO-FORMA BELOW INCLUDES HOUSE INCOME AND EXPENSES

FOR SALE DETAILS

PRICE

$1,390,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,156 SF

ZONING

CS

APN/PARCEL ID

49-11-13-129-025.000-101,49-11-13-129-027.000-101

ASK ABOUT THIS PROPERTY

Scott Pollom, Sr., MBA, CCIMF. C. Tucker Company, Inc.,More Info
317-730-3793

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Scott Pollom, Sr., MBA, CCIMF. C. Tucker Company, Inc.,More Info
317-730-3793

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.