Restaurants

New Castle, IN Restaurants for Sale

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Spiceland, IN Straughn, IN Knightstown, IN Mooreland, IN Kennard, IN Hagerstown, IN Shirley, IN Wilkinson, IN
Mixed-Use Building with Original Bar
Updated: Aug 23
Mixed-Use Building with Original Bar

1214 Broad St, New Castle, IN 47362

$675,000
11,628 sqft
11,628‑square‑foot mixed‑use property built in 1900
Original bar remains on the main level
New roof and first‑floor HVAC system
Updated storefront windows and exterior doors
Unfinished second- and third‑floor space
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 43 Potential Opportunities for your consideration. Besides 1 Active listings in New Castle, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 34 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Three Dog Saloon Bar & Grill
Three Dog Saloon Bar & Grill

517 Locust Street, Middletown, IN 47356

$285,000
0.06 AC lot

Established food-and-beverage property with a full-service kitchen, liquor license, and additional second-floor area.

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Full-Service Bar and Grill
Full-Service Bar and Grill

517 Locust Street, Middletown, IN 47356

$285,000
0.06 AC lot

Operating establishment includes a Restaurant 210 4-way liquor license with liquor, beer, wine, and carryout privileges.

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Remodeled Sports Bar with Stage
Remodeled Sports Bar with Stage

1811 S Burlington Avenue, Muncie, IN 47302

$355,000
0.70 AC lot

Includes bar, kitchen, restaurant equipment, liquor license, and a neighboring rental property.

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Renovated BBQ Restaurant
Renovated BBQ Restaurant

1917 W Memorial Drive, Muncie, IN 47302

Contact for pricing

Sale includes the real estate, business, and restaurant equipment.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Interstate-Adjacent Commercial Land
Interstate-Adjacent Commercial Land

S State Road 109, Knightstown, IN 46148

$499,000
5.30 AC lot

Cleared development parcel near an interstate exit ramp, with commercial rezoning required and well and septic installation anticipated.

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General Business Lot Zoned B-4
General Business Lot Zoned B-4

18th Street, Anderson, IN 46016

$50,000
0.45 AC lot

Commercial 0.45-acre lot, split across three parcels, zoned B-4 General Business for flexible development use.

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Commercial Land for Development
Commercial Land for Development

University Boulevard, Anderson, IN 46012

$812,000
8.12 AC lot

B-3 zoning supports a planned neighborhood shopping center, with public sewer available.

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B-3 Commercial Land Assemblage
B-3 Commercial Land Assemblage

241 N Scatterfield Road, Anderson, IN 46012

$2,700,000
21.55 AC lot

Four parcels offer separate acquisition options with natural gas availability and public sewer service.

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Off-Market Properties in New Castle, IN

Consider similar Off-Market properties in New Castle, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1914 I Ave
RESTAURANT

1914 I Ave, New Castle, IN 47362-2558

$275,000
Estimated value
5,210 sqft 0.73 AC lot
View details
341 Trojan Ln
RESTAURANT

341 Trojan Ln, New Castle, IN 47362-2966

$270,000
Estimated value
2,000 sqft 0.22 AC lot
View details
2201 Memorial Dr
RESTAURANT

2201 Memorial Dr, New Castle, IN 47362-1225

$305,000
Estimated value
4,208 sqft 1.37 AC lot
View details
3175 State Rd 3rd 3
RESTAURANT

3175 State Rd 3rd 3, New Castle, IN 47362-1318

$320,000
Estimated value
2,584 sqft 0.98 AC lot
View details
2402 14th St
RESTAURANT

2402 14th St, New Castle, IN 47362-2107

$145,000
Estimated value
630 sqft 0.07 AC lot
View details
1801 Grand Ave
RESTAURANT

1801 Grand Ave, New Castle, IN 47362-3240

$150,000
Estimated value
631 sqft 0.50 AC lot
View details
211 15th St
RESTAURANT

211 15th St, New Castle, IN 47362-3203

$265,000
Estimated value
1,718 sqft 0.16 AC lot
View details
1507 Memorial Dr
RESTAURANT

1507 Memorial Dr, New Castle, IN 47362-1222

$295,000
Estimated value
4,288 sqft 1.05 AC lot
View details
1726 Grand Ave
RESTAURANT

1726 Grand Ave, New Castle, IN 47362-3226

$100,000
Estimated value
1,476 sqft 0.38 AC lot
View details
510 Memorial Dr
RESTAURANT

510 Memorial Dr, New Castle, IN 47362-4910

$265,000
Estimated value
6,686 sqft 0.60 AC lot
View details
520 Memorial Dr
RESTAURANT

520 Memorial Dr, New Castle, IN 47362-4910

$280,000
Estimated value
1,768 sqft 0.53 AC lot
View details
14 County Rd 25th W
RESTAURANT

14 County Rd 25th W, New Castle, IN 47362-9784

$225,000
Estimated value
11,113 sqft 20.32 AC lot
View details
1649 Memorial Dr
RESTAURANT

1649 Memorial Dr, New Castle, IN 47362-1213

$245,000
Estimated value
2,046 sqft 0.50 AC lot
View details
2500 Broad St
RESTAURANT

2500 Broad St, New Castle, IN 47362

$265,000
Estimated value
3,296 sqft 0.59 AC lot
View details
1451 Memorial Dr
RESTAURANT

1451 Memorial Dr, New Castle, IN 47362-4900

$150,000
Estimated value
7,686 sqft 1.45 AC lot
View details
1327 Broad St
RESTAURANT

1327 Broad St, New Castle, IN 47362-4204

$275,000
Estimated value
6,312 sqft 0.08 AC lot
View details
1700 Memorial Dr
RESTAURANT

1700 Memorial Dr, New Castle, IN 47362-1214

$310,000
Estimated value
2,787 sqft 0.67 AC lot
View details
524 Memorial Dr
RESTAURANT

524 Memorial Dr, New Castle, IN 47362-4910

$360,000
Estimated value
3,120 sqft 0.66 AC lot
View details
2625 Broad St
RESTAURANT

2625 Broad St, New Castle, IN 47362-3402

$155,000
Estimated value
720 sqft 0.22 AC lot
View details
711 Memorial Dr
RESTAURANT

711 Memorial Dr, New Castle, IN 47362-4954

$350,000
Estimated value
3,320 sqft 0.31 AC lot
View details
129 Memorial Dr
RESTAURANT

129 Memorial Dr, New Castle, IN 47362-4947

$340,000
Estimated value
2,926 sqft 0.79 AC lot
View details
2175 Memorial Dr
RESTAURANT

2175 Memorial Dr, New Castle, IN 47362-1223

$435,000
Estimated value
3,079 sqft 0.84 AC lot
View details
1486 Memorial Dr
RESTAURANT

1486 Memorial Dr, New Castle, IN 47362-4903

$395,000
Estimated value
3,524 sqft 0.84 AC lot
View details

New Castle, IN Restaurants Market Trends and Statistics

Explore 35 restaurants for sale in New Castle, IN on our real estate platform. These investment opportunities span a total of 11,628 square feet of properties for sale, with an estimated market value of $675,000.

Sale prices for restaurant properties in New Castle, IN average $675,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Bars & Pubs 2
Commercial kitchens 1
Conventional restaurants 1

Demographics Overview

Population 29K
Population Growth (5Y) -1.9%
Median Household Income $56,564
College Educated 20.0%

Taxes & Financing

Tax Rate (average for all types) 2.25%
Property Tax per SF $49.50 per SF
Tax Rate vs County Average 0.03 pp below county avg
Average Loan-to-Value 65.0%

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