Bar/Restaurant with Expansion
1610 Arrow Ave Anderson, IN
For Sale
Contact for pricing
3,000 SF bar/restaurant with liquor license and parking.
Property Size3,000 SF
Lot Size0.25 Acres
Price / SF$228.33
Days on Market402
Property Features for 1610 Arrow Ave
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.25 Acres
Property subtype
RETAIL
Listing Agency:
Premier Commercial Real Estate Services, Inc.
(317) 660-1289
Listed By:
Kristen Berry · License #IN123455
(317) 660-1289
Source:
Moodyscre
Added: Jun 24, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:48AM
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Highly visible corner location.
- Includes a 3‑way liquor license.
- 3,000 SF bar/restaurant building.
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
NOI $41,935 @ 7.0% cap · market cap 6.12%
Second Best
Retail
$405.0K
$354.4K – $472.5K
NOI $28,350 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$691.5K
$605.0K – $806.7K
NOI $48,402 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Sonny Ray's — 1536 Madison Ave, Anderson, IN 46016
- Hide Away Inn — 2017 W 8th St, Anderson, IN 46016
- Pressure Lounge 765 — 1610 Arrow Ave, Anderson, IN 46016
- Scampy's Pub — 2703 Nichol Ave, Anderson, IN 46011
- D T's R Bar — 1100 Doctor M.L.K. Jr Blvd, Anderson, IN 46016
Frequently Asked Questions
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.
