7628 Southeastern AveIndianapolis, IN 46239

Property Details for 7628 Southeastern Ave

Year built

1945

Construction

WOOD

Lot size

0.65 AC

Property size (Sq ft)

2,485 SF

Property type

Retail space

APN

49-10-25-106-056.000-300

APU

491025106056000300

Description

This thriving bar and grill, located at 7628 Southeastern Avenue in Indianapolis, Indiana, presents a unique investment opportunity. Priced at $675,000, this established business includes the building situated on a 0.65-acre lot and all necessary equipment for immediate operation. The property boasts a fully equipped kitchen, ready to handle food preparation and service. Safety features are in place with an installed Ansul system. The bar itself is well-maintained and ready for patrons. Further enhancing the appeal, the property includes a pool table for entertainment and an outdoor seating area, perfect for enjoying the Indianapolis weather. The location in a densely populated neighborhood ensures high foot traffic and a built-in customer base. This turnkey operation is ideal for an experienced restaurateur or a first-time business owner looking to enter the thriving Indianapolis hospitality market. The high-traffic location and existing infrastructure minimize the start-up costs and allow for immediate revenue generation. This is a chance to acquire a well-established business with significant potential for growth and profitability. The sale includes the building, the business, and all existing equipment. Don't miss this chance to own a vibrant neighborhood hotspot.

• CAP approach

  CAP return

  Valuation

  6%

  $475,321

  6.5%

  $438,758

  7%

  $407,418

• Comparable approach

  Method

  Valuation

  Relative Method

  $591,168

  Geo Method

  $591,168

• Alternative Use

  Use

  Valuation

  Residential

  $370,109

  Hospitality

  $339,018

  Educational

  $282,059

  Medical

  $291,759

  Retail

  $438,758

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.7175

Longitude

-86.0318

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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