217 Main St Princeton, IN 47670
- Parking lots & garages
- 0.36 lot acres
Current Use by Public Records
- Powerhouse Bar &Grill / Bar
Property Details for 217 Main St
- Year built
- 1970
- Lot size
- 0.36 lot acres
- Property type
- Parking lots & garages
- APN
- 26-12-07-104-003.959-028
- APU
- 261207104003959028
Description
This exceptional commercial property at 217 N Main Street, Princeton, Indiana, presents a fantastic investment opportunity. The property boasts a substantial 0.67-acre lot, providing abundant parking across three lots. A covered outdoor area offers additional seating, perfect for expanding operations or creating a welcoming atmosphere. A large fenced area is ideal for hosting live music events or other outdoor activities, adding significant potential for revenue generation. The main building comprises over 3,000 square feet, featuring a versatile layout. One side currently functions as a bar area, while the other is configured as an arcade, demonstrating adaptability to various business models. The space is easily convertible to suit a wide range of commercial uses. Upstairs, an office or apartment provides additional space, potentially for management or residential use. The property's location just outside the revitalized downtown area of Princeton offers excellent visibility and accessibility. This turnkey opportunity includes an existing business, providing immediate income potential and a solid foundation for future growth. The combination of a prime location, ample space, and versatile layout makes this property an attractive investment for discerning buyers. The property's size and features offer significant potential for expansion and adaptation to meet evolving market demands. This is a rare chance to acquire a well-established business with significant growth potential in a thriving community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Gibson
- State
- Indiana
- Longitude
- -87.5678
- Latitude
- 38.357
- CBSA code
- 21780
- CBSA name
- EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA