303 N Columbia St - Industrial FOR SALE


Colfax, IN 46035
$350,000 USD
765-631-4039
303 N Columbia St, Colfax, IN for Sale
$350,000 USD
Industrial - FOR SALE
1/10
null | 7.51% Cap Rate

303 N Columbia St
Colfax, IN 46035


OVERVIEW

The Marquis Group from KW Commercial is pleased to present this great storage asset for sale. The property offers a large 5800 sq ft Steele frame free span building with concrete floors, and electricity, a 1200 sq ft shop with electricity, 2 storage units attached. A 6 unit storage building. The large lot offers room to expand. If a new owner didn’t want to expand they could sell off the 3 lots that convey with the property. Total income for the property is $35,400/yr. This includes the owner occupying the shop, and half of the 5800 sq ft building. No rent is associated with his use. The property offers value add opportunity in leasing the spaces currently occupied by the owner, adding outdoor storage, adding additional units, and/or selling off the 3 residential lots that convey with the property.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$34 USD /SF

CAP RATE

7.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.54

LAND SF

67,082

ZONING

Industrial

APN/PARCEL ID

12-13-08-135-002.000-014

ASK ABOUT THIS PROPERTY

C. Andrew WalgamuthKW Commercial LafayetteMore Info
765-631-4039

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C. Andrew WalgamuthKW Commercial LafayetteMore Info
765-631-4039

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