3100 Oakwood AveMuncie, IN 47304

Property Details for 3100 Oakwood Ave

Year built

1973

Construction

WOOD

Lot size

1.61 AC

Property size (Sq ft)

12,854 SF

Property type

Office properties

APN

18-11-05-278-002.000-003

APU

181105278002000003

Description

This thriving Muncie restaurant, located at 3100 N Oakwood Ave, is offered for sale at $650,000. The 3,190 square foot building sits on a 0.68-acre lot and is zoned for Community Business use. Built in 1977 and extensively renovated in 2017, this single-story property boasts a spacious layout with seating for 125 patrons, including a 30-seat banquet room and a convenient drive-up window. The restaurant is a proven success, having won Muncie's "Quest for the Best" in breakfast/lunch for 2022-2024. This turnkey opportunity includes the real estate, business, and all furniture, fixtures, and equipment (FF&E). Financial information is available upon request to qualified buyers. The property's APN is 1105277015000. This is a rare chance to acquire an established and profitable restaurant in a desirable location. The price per square foot is $203.76. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,807,053

  6.5%

  $1,668,049

  7%

  $1,548,902

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,360,461

  Geo Method

  $1,596,338

• Alternative Use

  Use

  Valuation

  Residential

  $2,068,380

  Hospitality

  $1,894,625

  Educational

  $1,576,306

  Medical

  $1,630,518

  Retail

  $2,452,032

Location Insight

City

Muncie

County

Delaware

State

Indiana

Latitude

40.218

Longitude

-85.4092

CBSA code

34620

CBSA name

MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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