1145 Lafayette Ave, Terre Haute, IN 47804-2933

This exceptional investment opportunity in Terre Haute, Indiana, presents a thriving restaurant and lucrative rental income stream. Located at 1145 Lafayette Avenue, this property boasts a well-established restaurant, operating successfully since 2005 and benefiting from its position within the 12 Points Revitalization area. The sale includes a valuable three-way liquor license, significantly enhancing the business's potential. All necessary restaurant equipment is included in the sale, allowing for a seamless transition for a new owner. Adding to the property's appeal are four one-bedroom apartments, generating an additional annual income of $17,400. These apartments are separately metered for electricity and gas, minimizing the landlord's operational expenses. The owner covers water, sewage, and trash services for both the restaurant and the apartments. The asking price for this combined commercial and residential property is $349,900. This turnkey operation offers a unique blend of established business and passive rental income, making it an attractive investment for discerning buyers seeking a profitable venture in a revitalizing area of Terre Haute. The property is zoned for retail and land use and is located in Vigo County, Indiana, zip code 47804. This is a rare opportunity to acquire a profitable, established business with significant additional income potential.