11,628 sqft

$575,000

1214 Broad Street, New Castle IN, 47362

Price per sqft$49.45

Built in1900

Property size11,628 sqft

Property typeCommercial

Courtesy of RE/MAX First Integrity, Krista Gibson Listing Contact:

Overview

Active

Listed Mar 26, 2026

Updated 5 days ago

Downtown New Castle opportunity with a major advantage: 1214 Broad Street is NOW OFFERED WITH AN EXISTING LIQUOR LICENSE, subject to Indiana Alcohol & Tobacco Commission approval and transfer requirements. Formerly Town Tavern, the main level retains its original bar and offers a strong start for a restaurant, bar, entertainment, or other qualifying hospitality concept. Improvements include a new roof, first-floor HVAC, updated storefront windows, and exterior doors. The attached parking lot adds convenience in the downtown corridor, while unfinished second and third floors create additional redevelopment potential, subject to zoning and approvals. For an entrepreneur seeking a recognizable location with existing bar infrastructure and an alcohol permit opportunity, this property stands apart!

Additional information

MLS^® ID: 22091600

Interior Features

Basement: No

Exterior Features

Lot Size: 0.39 Acres

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