Property Attributes
- MLS#202610183
- TypeCommercial
- Listing Status Active
- CountyHENRY
- CityNew Castle
- AreaHenry
- Zip47362
- StyleRestaurant/Bar
- Year Built1900
- Taxes$ 3368
- Price$ 675,000
- Bedrooms0
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage11628
- Lot Size0.4 Acres
Data Source:
Indiana Regional MLS (IRMLS)
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, its 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.
| Price History | |
|---|---|
| 3/26/2026 | Listed $775,000 |
| 5/29/2026 | 13$675,000 |
General Features
| Heating | Gas,Forced Air |
|---|---|
| Cooling | Central Air |
| Ceiling Height | x |
| Roof | Flat |
| Parking | Yes |
| Sewer | City |
| # of Buildings | 1 |
| Status | Active |
| Bathrooms | 3 |
| Year Built | 1900 |
| Parking | Lot,Street |
| New Construction | No |
| Subdivision | None |
| Stories Count | 3 |
| Township | Henry |
| Class | COMMERCIAL |
| Present Use | Vacant-Best for Owner/Usr |
| Type | Restaurant/Bar |
| Age | 126 |
| Lot Number | 67 |
| FIPS Code | 18065 |
| Special Features | 220 Volts,Basement,Display Window(s) |
| Associated Document Count | 1 |
| REO | No |
| Status | Active |
| Auction Y/N | No |
| Annual Taxes | 3368.92 |
| Area | Henry County |
| Location | City |
| City | New Castle |
| Legal Description | ORIG PLAT LOT 6 & W 20' LOT 7 BLK 6 |
| Virtual Tour | https://www.propertypanorama.com/instaview/irmls/202610183 |
| Agent First Name | Krista |
| Agent Last Name | Gibson |
| DOM | 181 |
| Tax Year | 2025 |
| Restrictions | None |
| PROPOSED FINANCING | Cash,Conventional |
Interior Features
| Flooring | Concrete,Wood |
|---|---|
| Basement/Foundation | Full Basement,Unfinished |
| Walls | Unfinished,Other |
| Basement Y/N | Yes |
| Burglar Alarm Y/N | No |
| Interior Height | x |
| Smoke/Fire Alarm Y/N | No |
| Water Heater Y/N | No |
| FIRE PROTECTION | City |
| Equipment Y/N | No |
Exterior Features
| Road Access | City |
|---|---|
| Exterior | Brick |
| Driveway | Asphalt |
| Number of Parking Spaces | 20 |
| Ingress/Egress | None |
| Lot Size Area | 17206 |
| Lot Dimensions | 101X167 |
| Parking Type | lot |
| Fence | None |
| Water Features | None |
| Approx. Lot Size Acres | 0.4 |
| Construction Type 1 | Brick |
| Security Light Y/N | No |
| Sprinkler System Y/N | No |
| Water Softener Y/N | No |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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. IDX information is provided by the Indiana Regional MLS.
Information last updated on September 23, 2026 10:43 AM UTC
MIBOR REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than REMAX First Integrity may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: September 23, 2026 10:43 AM UTC
Richmond Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested