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Drive-Through Restaurant with Car-Hop Service
New
For Sale
$650,000

1201 E National Hwy, Washington, IN 47501

The sale includes the operating business, its name, restaurant equipment, and the real estate.

Property Size599 SF
Price / SF$1,085
Days on Market2

Property Features for 1201 E National Hwy

General Information

Standard status Active
Size 599 SF

Additional Details

Business Included Yes
Highway Access Yes
Equipment Included Yes

Building Details

Year Built 1953
Listing Agency: Vic Hopkins Agency
Listed By: Victor Hopkins · License #RB14003552
Source: Spencerchildersgroup
Added: Oct 1 Last Checked: Oct 1 at 2:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vic Hopkins Agency

Investment Insights

Based on property information with market context.

This Washington, Indiana restaurant property includes the building, equipment, operating business, and business name. The restaurant dates to 1953 and has remained in operation for decades, with a car-hop format and coney dogs among its defining features.

Located at 1201 E National Hwy, the property is identified as a drive-through restaurant. The offering combines the real estate and operating components in a single sale.

Key Highlights

  • Restaurant property and operating business are included in the sale
  • Built in 1953
  • Restaurant has operated for decades

Property Analytics

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Current Use

Drive through restaurants

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

623
Businesses Nearby
114k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 51% Shops & Services 21% Groceries 15% Apparel 8%
McDonald's Dining
24,607 visits/mo 0.2 miles
Jay C Food Groceries
16,627 visits/mo 0.5 miles
Taco Bell Dining
12,039 visits/mo 0.4 miles
Arby's Dining
8,121 visits/mo 0.5 miles
Bealls Apparel
7,669 visits/mo 0.4 miles

Demographics for 47501, IN

18,003
Population
7,696
Households
2.3
Avg Household Size
39
Median Age
16%
College-Educated
85%
High-School Grad
139.4 sq mi
ZIP Area
129
Density / Sq Mi
$60,476
Median Household Income
$36,750
Median Earnings
$857
Median Rent
$155,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - The sale includes the operating business, its name, restaurant equipment, and the real estate.
Where is this drive through restaurant located?
The property is located at 1201 E National Hwy Washington, IN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Restaurant property and operating business are included in the sale; Built in 1953; Restaurant has operated for decades
More about this property
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