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    1610 Arrow Ave Anderson, IN 46016

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    For Sale
    $685,000

    3,000 SF bar/restaurant with liquor license and parking.

    Property size:
    3,000 SF
    Lot size:
    0.25 Acres

    Property Features for 1610 Arrow Ave

    General Information

    Size
    3,000 SF
    Lot size
    0.25 Acres

    Source: Premier Commercial Real Estate Services, Inc. Agent Kristen Berry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bar/Restaurant with Expansion Potential

    This 3,000 SF bar/restaurant building is situated on a highly visible corner lot. The property includes a 3-way liquor license and three adjacent lots, offering room for potential expansion or outdoor event space. The interior features an open floor plan with a built-in stage, suitable for live music or events. It also contains a commercial kitchen and private office space. An outdoor deck and pergola provide space for al fresco dining or entertainment. A private paved parking lot is included.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mr Dan's Restaurant Restaurant Pressure Lounge 765 Bar & Grill

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Stars 2.0 Gentlemen's Club, Sonny Ray's, Pressure Lounge 765, Scampy's Pub, D T's R Bar

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.7013324
    Latitude
    40.0996412

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    FAQs

    What type of property is this?
    Bar - 3,000 SF bar/restaurant with liquor license and parking.
    Where is this bar located?
    The property is located at 1610 Arrow Ave Anderson, IN.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: - Highly visible corner location.; - Includes a 3-way liquor license.; - 3,000 SF bar/restaurant building.
    (317) 660-1289
    Request Owner's contact information
    1610 Arrow Ave Anderson, IN 46016
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    Anderson, IN 46016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1610 Arrow Ave Anderson, IN 46016
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