Auto Flex-Retail Property

12,275 SF | 89% Leased | Retail Building | Indianapolis, IN 46226 | $1,650,000 ($134/SF) | 11.55% Cap Rate

Asking Price $1,650,000

Property Type: Retail
Square Feet: 12,275 SF
Price / Square Foot: $134

Listing Contacts

Terina Widner

Verified Profile

Matt Jackson

Verified Profile

Property Info

Property Overview

PROPERTY OVERVIEW
Own/Operate your own auto themed flex suites property. Ideal for investor or Owner/User.
Property Highlights:
• 1.16 acres with 12,275 sf building
• Zoned C4
• Currently subdivided into 12 flex spaces (only one space is vacant currently)
• All tenants on 1 yr leases that allow 60 day Notice to Terminate
• Multiple restrooms, offices and a guest waiting area.
• Fenced rear storage lot
• Ample front & side parking
• Pole signage
• Current NOI $195,000/ CAP 11.8%
• Current OPEX $2.93/sf
• Asking Price $1,650,000

Property Details

Class: C
Year Built: 1978
Stories: 1
Property Subtype: Freestanding, Showroom, Vehicle Related
Lot Size (sq. ft): 50,530 SF

Highlights

Multiple Tenant Property, High Traffic Area, Interstate Access Nearby, Desired Zoning for Automotive Businesses

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