1828-1834 Central Ave - Loft/Creative Space FOR SALE


Indianapolis, IN 46202
$2,400,000 USD
317-701-7676
1828-1834 Central Ave, Indianapolis, IN for Sale
$2,400,000 USD
Loft/Creative Space - FOR SALE
1/11
null | 7.29% Cap Rate

1828-1834 Central Ave
Indianapolis, IN 46202


HIGHLIGHTS

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

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% year-over-year increases, and an option to renew tenant or create your another use. With new housing surrounding the area, there is opportunity to and demand long term for this location.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Bar, Restaurant, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

C3

APN/PARCEL ID

49-06-36-158-240.000-101

ASK ABOUT THIS PROPERTY

Sam GorallKeller Williams Indy Metro SouthMore Info
317-701-7676

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Sam GorallKeller Williams Indy Metro SouthMore Info
317-701-7676

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.