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    Bar/Restaurant with Expansion Potential Title is generated by Realmo AI

    1610 Arrow Ave, Anderson, IN

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

    Type:RETAIL
    Property size:
    3,000 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $228/SF
    Added:
    Jun 24, 2025
    Days on Market:
    356
    Last Refresh:
    May 20 at 9:29 pm

    Property Features for 1610 Arrow Ave

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.25 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Kristen Berry
    Kristen Berry

    Listing agent Kristen Berry License #IN123455

    Listing office Premier Commercial Real Estate Services, Inc.

    Listing date Jun 24, 2025

    Source Moodyscre

    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 Premier Commercial Real Estate Services, Inc.

    HighLights

    • Highly visible corner location.
    • Includes a 3‑way liquor license.
    • 3,000 SF bar/restaurant building.
    • Open floor plan with built‑in stage (ideal for live music or events).
    • Outdoor deck and pergola for al fresco dining.
    • Includes 3 adjacent lots (potential for expansion or outdoor event space).

    Overview

    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.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $61.9k $20.64
    − Vacancy −$6.0k −$2.00
    EGI $55.9k $18.64
    − OpEx −$14.0k −$4.66
    NOI $41.9k $13.98
    3,000 SF · lease $20.64/SF/yr · vacancy 9.70% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $599.1K
    $524.2K – $698.9K (±1% cap)
    NOI $41,935 @ 7.0% cap · market cap 6.12%
    Second Best
    Retail
    $405.0K
    $354.4K – $472.5K (±1% cap)
    NOI $28,350 @ 7.0% cap · market cap 4.14%
    Theoretical Best
    Office A
    $691.5K
    $605.0K – $806.7K (±1% cap)
    NOI $48,402 @ 7.0% cap · market cap 7.07%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Stars 2.0 Gentlemen's Club — 2628 Doctor M.L.K. Jr Blvd, Anderson, IN 46016
    • D T's R Bar — 1100 Doctor M.L.K. Jr Blvd, Anderson, IN 46016

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.7013
    Latitude
    40.0996

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    FAQs

    What type of property is this?
    Bar & Pub - 3,000 SF bar/restaurant with liquor license and parking.
    Where is this bar & pub 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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kristen Berry
    Kristen Berry
    Real Estate License ID: IN123455
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