24 State St Kingman, IN 47952-5229
- Retail space
- 6,600 SF
- 0.10 lot acres
Aug 23, 2023
Current Use by Public Records
- Retail space
Property Details for 24 State St
- Year built
- 1920
- Construction
- WOOD
- Lot size
- 0.10 lot acres
- Property size
- 6,600 SF
- Zone code
- KINGM
- Property type
- Retail space
- APN
- 23-15-25-321-034.000-021
- APU
- 231525321034000021
Description
This exceptional turn-key restaurant opportunity is located at 24 E State Street in the heart of Kingman, Indiana. The property consists of a two-story, freestanding building situated on a 0.2-acre lot. This beautifully renovated, historic building is move-in ready, offering immediate potential for a new owner. Recent extensive renovations include a complete overhaul of the bathrooms, dining room, and kitchen. Further improvements encompass new windows, a new HVAC system, new plumbing, completed tuckpointing, and a new electrical system. The fully equipped kitchen boasts a comprehensive array of operational appliances, including a fire suppression system, salad bar, cooling tables, gas fryer, coolers, freezers, ice machine, soda machine, and all necessary tables and chairs. The restaurant holds a current Health Department certification and is connected to all public utilities. The upper floor presents significant potential for conversion into additional living space or a secondary business, adding considerable versatility to this already impressive offering. Priced at $199,900, this is a rare chance to acquire a well-established, fully operational restaurant in a prime location. The property is ready for immediate operation, allowing a new owner to focus on building their business from day one.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kingman
- County
- Fountain
- State
- Indiana
- Longitude
- -87.2791
- Latitude
- 39.9678