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9503 E Washington Street

Indianapolis, IN 46229
  • $1,249,000
  • STATUS: Active
  • ON SITE: 83 Days
  • MLS #: 21892081
UPDATED: 21 min ago
$1,249,000
  • 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 5 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 8.50%. 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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© 2023 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 Keller Williams Metro.

Based on information submitted to the MLS GRID as of 2023-01-27T12:25:02.77. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.arhausgroup.com/homes/134553218
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9503 E Washington Street Indianapolis, IN 46229

  • Price: $1,249,000
  • Status: Active
  • On Site: 83 Days
  • Updated: 21 min ago
  • MLS #: 21892081
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 5 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 8.50%. 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.
Interior Features

Building Area Total 0 Cooling Separate Meters Full Baths MU 0 Half Baths MU 0 Rooms MU 0 Rooms Total MU 0

Property Features

Building Utilities Separate Gas MeterSewerWater Current Use Retail Disclosures Not Applicable Divisible No Net Operating Income 106270 New Construction YN No Possession Negotiable Property Sub Type Retail Retail Type Strip Cntr Rooms Total 0 Semi Annual Property Tax Amt 8412 Space Available 4050 Special Listing Conditions None Tax Year 2021 Township Warren Transaction Type Sale Zoning C-4

Listing provided courtesy of Re/Max Advanced Realty: turnbillk@gmail.com. © 2023 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2023 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 Keller Williams Metro.

Based on information submitted to the MLS GRID as of 2023-01-27T12:25:02.77. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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Keller Williams Metro
8555 N. River Road Suite 200
Indianapolis IN, 46240