600 Wayne St, Angola, IN 46703

3,800 SF | Retail Building | Angola, IN 46703 | $249,900 ($66/SF) | 11% Cap Rate

Asking Price $249,900

Property Type: Retail, Restaurant
Square Feet: 3,800 SF
Price / Square Foot: $66

Listing Contacts

Robert L. Thatcher, CRRP, CLS,CDP

Verified Profile

Property Info

Property Overview

100% Leased - Single Tenant Investment Property
Physical Characteristics & Financial Forecast is believed accurate; but not warranted.
Sale Includes Real Estate Only - Showing By Appointment - Contact the Listing Agent

Property Details

Class: C
Year Built/Renovated: 1964/2021
Stories: 1
Lot Size (sq. ft): 14,375 SF

Highlights

Affordable, Investment Grade Property w/ Opportunity Zone Tax Incentives! or Ideal 1031 Candidate. Estimated,
Very Well Maintained Commercial Facility with Newer, EPDM Roof & HVAC System(s) both replaced in 2021
High Visibility Location on US HWY 127, Excellent Signage & (ADT)Counts of 15,714. Dominant Commercial District-Multiple National Brands Present
Angola is the County Seat of Steuben County Indiana - Trine University is a quick 5 minute drive from the investment property
Sale of the Real Estate includes the Commercial Kitchen Hood System, Cooler & (3) Bay Sink (Tenants FF&E is Excluded)
The Asset is Leased through May, 2025 Yielding an Estimated (11%) Cap Rate. The Lease provides for a Renewal Option with Increase

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