5020 Cambridge WayPlainfield, IN 46168

Property Details for 5020 Cambridge Way

Year built

1997

Construction

TYPE NOT SPECIFIED

Lot size

0.86 AC

Property size (Sq ft)

4,029 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

32-15-01-470-002.000-012

APU

321501470002000012

Description

This thriving Plainfield, Indiana restaurant presents a turnkey opportunity for immediate operation. Located at 5020 Cambridge Way, this 4,029 square foot establishment sits on a 0.85-acre lot and boasts 100% occupancy. The asking price is $1,850,500, translating to $459.30 per square foot. The property includes all equipment and furniture, detailed in a provided list. A significant asset is the existing three-way liquor license. The building is in excellent condition, featuring many recent updates. Outdoor amenities include a 400 square foot seating area complete with tables and chairs. Inside, a private dining area and a small stage for live music add versatility. Ample parking is available with 45+ spaces. The restaurant's layout is well-suited for small events such as weddings, business meetings, or family reunions. This is a rare opportunity to acquire a fully operational, successful restaurant in a desirable location. The property is situated in Hendricks County, Indiana, with convenient access via its Plainfield address and zip code 46168.

• CAP approach

  CAP return

  Valuation

  6%

  $730,583

  6.5%

  $674,385

  7%

  $626,214

• Comparable approach

  Method

  Valuation

  Relative Method

  $873,977

  Geo Method

  $873,977

• Alternative Use

  Use

  Valuation

  Residential

  $568,869

  Hospitality

  $521,081

  Educational

  $433,533

  Medical

  $448,443

  Retail

  $674,385

Location Insight

City

Plainfield

County

Hendricks

State

Indiana

Latitude

39.6779

Longitude

-86.3704

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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