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Car Hop Drive-Through Restaurant

1201 E National Highway, Washington, IN 47501

For Sale
$650,000

COMMERCIAL, Washington, IN

Property SizeContact for details
Lot Size0.50 Acres
Days on Market303

Property Features for 1201 E National Highway

General Information

Property type Commercial Sale
Property subtype Other
Zoning description General Business
Lot features City
Directions East National Highway to State Road 257. Property on the corner of E. National Highway & State Road 257.
Subdivision Daviess County
Standard status Active
APN 14-10-35-201-087.000-017
Lot size 0.50 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description Pt Loc 134 35-3-7; Pt Loc 134 35-3-7
Tax Annual Amount 3097
Legal Description Pt Loc 134 35-3-7; Pt Loc 134 35-3-7

Building Details

Year built 1953
Flooring type Concrete
Roof type Flat
Listing Agency: Vic Hopkins Agency
Listed By: Victor Hopkins · License IN RB14003552
Added: Jan 12 Changed: Oct 18 Last Checked: Nov 10 at 12:06PM
MLS# 202601171

Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This car hop restaurant occupies a 0.5-acre property at 1201 E National Highway in Washington, Indiana. The offering includes the building, restaurant equipment, established operating business, and business name, creating a single acquisition that combines the operating enterprise with its real estate.

Built in 1953, the property features a flat roof and concrete flooring. The restaurant has remained in continuous operation for decades and is positioned at the intersection of two major highways, providing exposure to highway traffic and the Washington community.

Key Highlights

  • 0.5‑acre restaurant property at 1201 E National Highway, Washington, IN 47501
  • Car hop and drive‑through restaurant format
  • Sale includes real estate, building, equipment, operating business, and business name

Property Analytics

Who owns this building? See the owner, sales and loan history
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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

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

Frequently Asked Questions

What type of property is this?
Drive through restaurant - Established restaurant business offered with the real estate, equipment, and business name.
Where is this drive through restaurant located?
The property is located at 1201 E National Highway 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: 0.5‑acre restaurant property at 1201 E National Highway, Washington, IN 47501; Car hop and drive‑through restaurant format; Sale includes real estate, building, equipment, operating business, and business name
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