Address
9503 E Washington Street, Indianapolis, IN
Price
$ 1,249,000
Property Attributes
- MLS#21892081
- TypeCommercial
- CountyMARION
- CityIndianapolis
- AreaWarren
- Zip46229
- StyleRetail
- Year Built1985
- Taxes$ 16824
- Price$ 1,249,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4050
- Lot Size0.914 Acres
Data Source:
Metropolitan Indianapolis MLS (MIBOR)
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.
| Price History | |
|---|---|
| 11/4/2022 | Listed $1,249,000 |
General Features
| City | Indianapolis |
|---|---|
| Cooling | Separate Meters |
| County | Marion |
| Current Use | Retail |
| Directions | West of Mitthoeffer Road on the south side of Washington Street |
| Disclosures | Not Applicable |
| Net Operating Income | 106270 |
| New Construction | No |
| Possession | Negotiable |
| Property SubType | Retail |
| Property Type | Commercial Sale |
| Standard Status | Active |
| Status | Active |
| Street Name | Washington |
| Tax Year | 2021 |
| Township | Warren |
| Year Built | 1985 |
| Zoning | C-4 |
Interior Features
| Street Suffix | Street |
|---|
Exterior Features
| Days on Market | 66 |
|---|---|
| Lot Size Acres | 0.914 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 46229
Price
Taxes
Visits
Year Built
Walkscore
MIBOR REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than RE/MAX Advanced Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2023 All rights reserved.
Last Updated: May 28, 2023 12:04 AM UTC
