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9503 E Washington Street

Indianapolis, IN 46229
  • $1,299,000
  • STATUS: Active
  • ON SITE: 483 Days
  • MLS #: 21743589
UPDATED: 27 min ago
$1,299,000
  • 0
    BEDS
  • 0.91
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1985
County:

School Ratings & Info

Description

This retail center offers a 10 year lease from the main tenant (Car X) and the ability to lease the remaining square footage to greatly increase the cap rate. The pro forma cap rate is over 9.10%. The available spaces for lease are 1,350 square feet up to 4,050 square feet. This property offers excellent visibility with high traffic counts. It could be a great place for your retail or office use. Perhaps is could be a nail salon, hair salon, tax preparation, dollar store, check cashing, groceries, accountant, attorney, insurance company, etc.

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© 2022 Metropolitan Indianapolis Board of REALTORS®. 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. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Heard Real Estate Team | eXp Realty, LLC.
www.indyhomehunter.com/homes/110593796
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9503 E Washington Street Indianapolis, IN 46229

  • Price: $1,299,000
  • Status: Active
  • On Site: 483 Days
  • Updated: 27 min ago
  • MLS #: 21743589
0
Beds
0
Baths
0
½ Baths
0.91
Acres
1985
Built
Neighborhood:
4905 - Marion - Warren
County:
Marion
Area:
4905 - Marion - Warren
Property Description
This retail center offers a 10 year lease from the main tenant (Car X) and the ability to lease the remaining square footage to greatly increase the cap rate. The pro forma cap rate is over 9.10%. The available spaces for lease are 1,350 square feet up to 4,050 square feet. This property offers excellent visibility with high traffic counts. It could be a great place for your retail or office use. Perhaps is could be a nail salon, hair salon, tax preparation, dollar store, check cashing, groceries, accountant, attorney, insurance company, etc.
Exterior Features

Lot Size 39814 Road Access Citystreet Road Surface Type Asphalt

Interior Features

Building Size 12730 Full Baths MU 0 Half Baths MU 0 Rooms MU 0 Rooms Total MU 0 Sq Ft Main Upper 0

Property Features

Building Utilities Separate Electric MeterSeparate Gas MeterSeparate Sewer MeterSewerCable Available Contingency Act With No Contingency Current Use Vacant Disclosure Other None Disclosures Not Applicable Divisible Yes Interstate Ramp3-5Mi New Construction YN No Possession Negotiable Property Sub Type Retail Retail Type Stripcntr Rooms Total 0 Semi Annual Property Tax Amt 8040 Space Available 4050 Tax Year 2019 Township Warren Transaction Type Sale Zoning C-4

Listing provided courtesy of Re/Max Advanced Realty. © 2022 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2022 Metropolitan Indianapolis Board of REALTORS®. 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. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Heard Real Estate Team | eXp Realty, LLC.
 
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Heard Real Estate Team | eXp Realty, LLC
450 E 96th Street Suite 500
Indianapolis IN, 46240