1 Meridian StRedkey, IN 47373

For Sale
$239,000

Turnkey Bar & Apartments, High Income Potential

Overview

Added:
Feb 3
Days on market:
37
This exceptional investment opportunity in Redkey, Indiana, presents a fully operational bar and grill, "Val's," complete with a Type 210 3-way Liquor License, catering and carry-out endorsement, gaming license, and cigarette license (buyer to apply). The sale includes all restaurant equipment, a security system, and a safe. Val's Bar and Grill boasts a loyal clientele, hosting weekly Queen of Hearts drawings, and serving as a regular stop for poker runs. The property also features four studio apartments, one one-bedroom apartment, and a large garage currently rented for storage, generating supplemental income. The building's significant untapped potential includes three additional storefronts and five more apartments ready for renovation and lease-up. The 0.58-acre lot provides ample space. Note that certain items such as the ATM, pool table, games, jukebox, and Coke cooler are owned by a third party and are not included in the sale. The seller is offering up to 30 days of assistance with the transition to new ownership and is open to the possibility of the current employees continuing their employment under the new owner. This property offers a unique blend of established income streams and significant upside potential for a savvy investor. Located in the heart of Redkey's revitalized downtown area, this property benefits from the collaborative spirit of the local business community.

Property Details for 1 Meridian St

Property type
Other commercial real estate
Year Built
1899
Lot Size (sq. ft)
25,265 SF

Location Insight

City
Redkey
County
Jay
State
Indiana
Latitude
40.35053
Longitude
-85.14967
1 Meridian St, Redkey, Indiana

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1 Meridian St
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