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1214 Broad Street

Restaurant/Bar • 126Y Old
$575,000 Listed 6 months ago
0.40 Acres
Basement
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Property Description

Step into a true transformation opportunity at 1214 Broad Street, planted right in the center of downtown New Castle, where every great revitalization story begins. This former Town Tavern space delivers instant character with its original bar anchoring the main level, creating a natural focal point for a reimagined hospitality concept, retail experience, or hybrid venue. Behind the scenes, the heavy lifting has already started with a new roof, new first-floor HVAC system, and updated storefront windows and exterior doors, giving you a strong foundation to build on. What truly sets this property apart is its attached parking lot - an uncommon advantage in this downtown corridor that adds both function and long-term value. Upstairs, the second and third floors offer unfinished space ready for a complete design vision - think loft-style residences, studio spaces, or income-producing units layered above your main-level concept. This is more than a property, it’s a canvas with structure, story, and location already in place. For those with an eye for design and a plan for execution, 1214 Broad Street is ready to be taken from raw potential to a standout destination.

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Property
MLS # 202610183
Date Listed 2026-03-26
Status Back on Market
Property Type Commercial
Property SubType Restaurant/Bar
New Construction No
Type Restaurant/Bar
Basement Yes
Annual Taxes $3,368.92
Year Taxes Payable 2025
Year Built 1900
Virtual Tour propertypanorama.com »
Days on Market 193
Homestead Year No
Room Dimensions
Den 1 × 11628 Level
Master Bedroom 3876 × 11628 Level
3rd Bedroom 3 × 3 Level
External Features
Construction Restaurant/Bar
Lot Size 17,206 sq ft
Acreage 0.40 Acres
Lot Dimensions 101X167
Fence None
Location
Area Henry County
County Henry
Subdivision None
Township Henry
City New Castle
State IN
Zip 47362
Financial
Assoc. Dues $0.00
Contact

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MLS# 202610183
Listing Provided Courtesy of Krista Gibson
RE/MAX First Integrity
Cell: 765-524-4013

Listing updated October 1, 2026 at 3:45 pm
Last checked 4 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.