+1 (855) 353-1100 info@keyauctioneers.com

The Pit Stop & Single-Family House in Anderson, IN

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On-Site Auction

Wednesday, March 21st
10:00 AM (ET)

Preview

Thursday, March 8th
9:30 – 11:30 AM (ET)

Auction Details

The Pit Stop has long been a staple for Anderson’s race and softball fans located across from the Anderson Speedway and next door to Crawford Field Softball Complex. This site will make a great retail or service based business location with exposure to nearly 10,000 vehicles daily.

Pre-auction offers on the entire turn-key package of The Pit Stop’s real estate, liquor license and FF&E are welcome and can be entertained.

***Same day, we will be offering a Brick Ranch Home at auction at 2431 E. 10th St., Anderson, IN 46012

Auction Terms, Parcel Map and additional due diligence documents are available for download below.

Auction Location Address: 1220 Dr. Martin Luther King Jr. Blvd, Anderson, IN 46016

Real Estate Details
The Pit Stop – Bar and Single-Family House
Address 1220 Dr. Martin Luther King Jr. Blvd., Anderson, IN 46016
Zoning – City of Anderson B-1 (Local Business District)
Parcel Numbers 48-11-14-404-140.000-003, 48-11-14-404-141.000-003,                  48-11-14-404-004.000-003
Lot Size 0.43 Total Acres
Frontage Area 182′ on Dr. MLK Blvd. / 190′ on Forkner St.
Building Size Bar – 3,980 SF / House – 944 SF
Year Built Bar – 1956 / House – 1950
Parking Lot Paved Asphalt
Assessed Tax Value $81,400 (2017)
Annual Taxes $2,442 (2016 pay 2017)
Other Pertinent Data Neighbors include Anderson Speedway & Crawford Field.
  Road-side pole sign with customizable letter board on MLK
  House has 2 Beds / 1 Bath per Madison Co. Assessor
Vacant Lot – Adjacent to The Pit Stop
Address 1220 W. 24th St., Anderson, IN 46016
Zoning – City of Anderson R-3 (Single & Two-Family Residential)
Parcel Numbers 48-11-14-404-142.000-003
Lot Size 0.15 Total Acres (127′ x 50′)
Frontage Area 127′ on W. 24th St. / 50′ on Forkner St.
Assessed Tax Value $5,800 (2017)
Annual Taxes $58 (2016 pay 2017)
   
General Auction Terms for Real Estate
Required Non-Refundable Earnest Money Deposit $5,000 cashier’s check or cash from the high bidder immediately upon conclusion of the auction.
Closing Time 30 days from date of auction (April 20, 2018)
Tax Administration Prorated to date of closing.  Buyer not responsible for past due.
Buyer’s Premium 10 %
   
Liquor & Gaming License Details
Liquor License
License Type Beer, Wine Liquor – Restaurant (210)
License Number RR4811847
Gaming License
License Type Gaming Endorsement
License Number GR4824588
   
Welcoming pre-auction offers on The Pit Stop real estate, liquor license and equipment package.
   
If not sold as a package pre-auction, The Pit Stop’s equipment and furnishings will be sold in an online only auction ending same day.  Visit www.KeyAuctioneers.com for more info.

For more information, contact our office:
(317) 353-1100 (Office)
info@keyauctioneers.com

Key Terms
10% buyers premium will be collected
Licenses: Seth Seaton: AU10900115 Auction Co: AC30900124
Seller: Multiple Sellers

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