3164 S Western Ave - Retail FOR SALE


Marion, IN 46953
$3,524,670 USD
630-368-8609
3164 S Western Ave, Marion, IN for Sale
$3,524,670 USD
Retail - FOR SALE
1/8
null | 8.5% Cap Rate

3164 S Western Ave
Marion, IN 46953


HIGHLIGHTS

  • Value-Add Opportunity:
  • Impressive National Tenant Line-Up with Dedication to Site:
  • Traffick Generating Shadow Anchor & Nearby National Retailers
  • Excellent Accessibility
  • Low Taxes

OVERVIEW

Qualified investors are extended the opportunity to acquire Valley View Plaza, a 37,193-square-foot shopping center located in a prime retail corridor serving the suburb of Marion, Indiana. The Property is conveniently situated along Western Avenue, and shadow anchored by Walmart. Valley View Plaza is positioned between Fort Wayne and Indianapolis in Marion, Indiana, a suburb in Grant County. Additionally, the county is home to Wesleyan University and Marion General Hospital. Furthermore, the Fort Wayne International Airport is conveniently situated 45 minutes northeast of Marion. Valley View Plaza is 82.8% occupied, presenting a value-add opportunity to drive NOI by leasing up the 6,400 square feet of vacancy. The Property is leased to a mix of national tenants including Goodwill, Dollar Tree, and CATO. The Property is located along the Western Avenue retail corridor in Marion, the dominant retail hub the trade area. The submarket is anchored by many national retailers including Meijer, Hobby Lobby, TJ Maxx, Lowe’s Home Improvement, R.P. Home & Harvest, and more.

FOR SALE DETAILS

PRICE

$3,524,670 USD

PRICE/SF

$95 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valley View Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

183

LAND DETAILS

LAND ACRES

4.71 AC

LAND SF

205,168 SF

ZONING

-

APN/PARCEL ID

27-06-13-800-007.005-008

ASK ABOUT THIS PROPERTY

Adam ForetCBREMore Info
630-368-8609

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Adam ForetCBREMore Info
630-368-8609

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