102 State St Ashley, IN 46705
- Retail properties
- 1,304 SF
Current Use by Public Records
- Joe's Place / Bar
Property Details for 102 State St
- Property size
- 1,304 SF
- Property type
- Retail properties
- Property subtype
- Bars
Description
This thriving Ashley, Indiana bar presents a unique turnkey opportunity for an ambitious entrepreneur. Located at 102 W State St, this 1,304 square foot establishment boasts a 100% occupancy rate and is priced at $140,000 ($107.36/sq ft). The sale includes the building, land, a three-way liquor license (allowing on-premise consumption and carry-out sales), all kitchen equipment, a walk-in cooler, a pool table, and all furnishings. Additional revenue streams are generated by a pull-tab machine and a jukebox. A full basement provides ample storage space, and convenient parking is readily available. The bar has a long-standing history in the community, known for its welcoming atmosphere. Its strategic location near several factories and the I-69 interstate offers significant potential for increased food and beverage sales. This is a rare chance to acquire an established business with a proven track record and substantial growth potential in a desirable location. The lease is expiring, making this a fee-simple ownership opportunity. The current owner is retiring, presenting a seamless transition for the new owner.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ashley
- County
- DeKalb
- State
- Indiana
- Longitude
- -85.0658
- Latitude
- 41.5269
