Former Bar/Grill (Arcade Bar) w/ 2 Tenants
108 N Broad St.
Griffith, IN 46319
https://thebrokerlist.com/have/former-bar-grill-arcade-bar-w-2-tenants-108562
FOR SALE
Property Type:
Street Retail
Last Verified:
Jan 13, 2021
Highlights
- Low Indiana Taxes
- Income Producing Property
- Liquor Licenses Included
Description
This is a 3-unit, income producing property located in the heart of downtown Griffith. 2 units are fully leased and will provide great income to the new owner. The remaining unit is a vacant bar/grill (Arcade Bar) and includes all equipment, furniture, fixtures, liquor licenses (3-way liquor license PLUS catering License), vintage arcade games and much more. Large, fully equipped kitchen with unique pizza oven imported from Italy, huge refrigerator & 20 keg taps. Large bar and seating for 160+ people. Full interior & exterior security system in place, 2 bathrooms, extra storage areas and manager's office. Much of the building electric & HVAC has been installed new or updated since 2016. The property also comes with 18-owned parking spaces at the back of the building.
Located in downtown Griffith with excellent exposure from Main St and Broad St.
Year Built: 1925
Building Size: 9005sq ft
Building Class: C
Lot Size: 0.29 acres
Map of 108 N Broad St., Griffith, IN, 46319
What are Real Estate Incentives?
Real Estate incentives range widely and have been overlooked by the
Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
- U.S. Public: Many incentives focus on job creation and Affordable Housing
- Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
- Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
- Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
