46 W Canal St - Restaurant FOR SALE


Wabash, IN 46992
$329,900 USD
260-571-4652
46 W Canal St, Wabash, IN for Sale
$329,900 USD
Restaurant - FOR SALE
1/13
null | Request Cap Rate

46 W Canal St
Wabash, IN 46992


HIGHLIGHTS

  • Established turn key business
  • Newly and completely renovated apartment
  • Downtown location

OVERVIEW

Exceptional opportunity to own a well-established, turnkey business in the heart of beautiful downtown Wabash! The sale includes the thriving Pizza King restaurant and a spacious upper-level apartment that is currently being completely renovated. Renovations are expected to be completed by the end of the month, and the apartment photos reflect the current stage of construction. The restaurant is fully equipped and ready for continued operation, featuring two 60" Blodgett stone deck ovens, a Manitowoc ice maker, ThermoAir make station, 5' x 7' Hobart walk-in cooler, and a GE vertical deep freezer. The 17' x 30' dining area offers eight booths, five tables, digital menu boards, a fountain beverage station, and two large display windows that provide additional seating and excellent downtown views. Recent exterior improvements include a newly painted front facade, new Pizza King logo awning, and new burners, reflector plates, and thermocouples in both pizza ovens. Once complete, the upper-level apartment will offer outstanding owner-occupancy or rental potential with all-new heating and cooling, an electric waterheater, PEX plumbing, fresh paint, brand-new cabinetry, and more. The spacious open-concept living area features soaring ceilings and a beautiful exposed brick accent wall, along with two bedrooms, two full baths, a flexible third room ideal for an office, bedroom, or storage room. Rear alley access with parking. Don't miss this opportunity to own a successful, established restaurant paired with a soon-to-be beautifully renovated apartment in downtown Wabash.

FOR SALE DETAILS

PRICE

$329,900 USD

PRICE/SF

$183 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

HD

APN/PARCEL ID

85-14-11-304-237.000-009

ASK ABOUT THIS PROPERTY

Kristi LundquistLundquist Appraisals & Real EstateMore Info
260-571-4652

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Kristi LundquistLundquist Appraisals & Real EstateMore Info
260-571-4652

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