Listing courtesy of RE/MAX First Integrity · Listing agent: Krista Gibson · Cell: 765-524-4013
1214 Broad Street
$575,000
$49.45 / sq ft
New Castle, IN 47362-4509
Original price $775,000 · Price reduced on September 30, 2026
- Basement
- Bathrooms
- 3
- Lot
- 0.4 ac
- Year built
- 1900
- Type
- Commercial Sale
- Listed
- March 26, 2026
- MLS #
- 202610183
About this home
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!
Property details
Interior
- Stories
- 3
- Finished area above grade
- 11,628 sq ft
- Basement
- Full, Unfinished
- Flooring
- Concrete, Wood
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
Exterior & parking
- Construction
- Brick
- Roof
- Flat
- Parking
- Asphalt, Parking Lot, On Street
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot size (acres)
- 0.4 ac
- Lot dimensions
- 101X167
- Location type
- City
- County
- Henry County
- Township
- Henry
- Road frontage
- City Street
- Lots
- 67
- Platted
- Yes
- Planned unit development
- No
- Directions
- GPS Friendly
Taxes & terms
- Annual taxes
- $3,369
- Tax year
- 2025
- Assessed value
- $110,200
- Tax exemptions
- No Exemptions
- Tax abatement
- No
- Listing terms
- Cash, Conventional
- Possession
- DOC
- Parcel number
- 33-12-10-430-330.000-016
Included in the sale
- Included in sale
- Building,Land
Utilities
- Water
- City
- Sewer
- Public Sewer
- Utilities
- Electric Hook-Up, Gas Hook-Up, Mun. Sewer Hook-Up, Mun. Water Hook-Up, Storm Sewer
- Electric provider
- Duke Energy Indiana
- Gas provider
- CenterPoint Energy
- Water provider
- New Castle Utility
Income & commercial
- Parking spaces
- 20
- Water meters
- 3
- Ceiling height
- x
Location
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Listing courtesy of RE/MAX First Integrity
