1828-1834 Central Ave, Indianapolis, IN 46202

7,918 SF | 100% Leased | Office Building | Indianapolis, IN 46202 | $2,500,000 ($316/SF) | 7% Cap Rate

Asking Price $2,500,000

Property Type: Office, Restaurant
Square Feet: 7,918 SF
Price / Square Foot: $316

Listing Contacts

Sam Gorall

Verified Profile

Property Info

Property Overview

We are delighted to present a prime C3 building boasting 7,918 square feet of versatile space, situated in the vibrant heart of Indianapolis on Central Avenue. This standout investment property offers a unique blend of commercial possibilities. This property comes with a strong tech tenant with 5 years remaining on their lease at market rate rents with 4%y0y increases, and an option to renew. Opportunity exists to renew tenant after 5 years or create your another use. With new housing surrounding the area, there is opportunity to and demand long term for this location.

Property Details

Class: B
Year Built/Renovated: 1999/2020
Stories: 2
Property Subtype: Loft/Creative Space, Other Restaurants, Office/Residential
Lot Size (sq. ft): 11,326 SF

Highlights

Heavy day time traffic
Area newly redeveloped
Open plan with exposed brick walls
5 year lease remaining
Options for renewal

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