256 S Mami St - Restaurant FOR SALE


Wabash, IN 46992
$395,000 USD
260-571-4407
256 S Mami St, Wabash, IN for Sale
$395,000 USD
Restaurant - FOR SALE
1/39
null | 12.86% Cap Rate

256 S Mami St
Wabash, IN 46992


HIGHLIGHTS

  • Downtown Wabash
  • Fully Renovated

OVERVIEW

Ready to own your piece of Downtown Wabash? Now is your chance, as this beautifully renovated downtown building is for sale! The downstairs is currently set up for operation as a restaurant space while there are two upstairs rental units that are being ran as month-to-month furnished rentals. There have been countless upgrades to the property over the past few years, including but not limited to interior updates of a new tankless water heater, furnace, electric, fire alarms and exit signs, lighting, paint, flooring, gas line and meter, and exterior updates of painting, waterproofing, and tuck pointing the building. One wing of the restaurant currently has built in bar seating, obtaining a liquor license could allow you to grow income even further. The upstairs units could be kept at month-to-month units, or easily converted back to traditional rental units. This building would be an awesome opportunity for an investor looking to add to their portfolio, or an aspiring business operator wanting to take that next leap! Owners willing to sell on contract for the right buyers/terms.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

12.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,376 SF

ZONING

-

APN/PARCEL ID

85-14-11-304-223.000-009

ASK ABOUT THIS PROPERTY

Payton DeeterTerrell Realty Group, LlcMore Info
260-571-4407

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Payton DeeterTerrell Realty Group, LlcMore Info
260-571-4407

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