500 N Rangeline Rd - Manufacturing FOR SALE


Morristown, IN 46161
$8,000,000 USD
317-454-7171
500 N Rangeline Rd, Morristown, IN for Sale
$8,000,000 USD
Manufacturing - FOR SALE
1/16
null | Request Cap Rate

500 N Rangeline Rd
Morristown, IN 46161


HIGHLIGHTS

  • Approx. 155,000 SF, manufacturing building for sale - great investment or owner-user opportunity
  • Great proximity to all four major interstates - I-70, I-74, I-465, & I-69
  • Several overhead doors & dock doors
  • Heavy power, T5 lighting & crane
  • Fenced lot with 100 parking spaces & trailer parking
  • New roof, & new paint & flooring in the office

OVERVIEW

The property has extra land available for expansion (around 75,000 SF). It also has 19 grade-level overhead doors, 2 dock-high doors, & an 80 x 235 ft. bay, with 24ft. clear ceiling height, & the capacity for a future ridge crane (hook height 20 ft.), & T5 lighting in warehouse—over 155,000 SF, with just over 4,000 SF of office. Located on US 52/Main St. & less than a half mile from Downtown Morristown. Approx. 30 miles southeast of Indianapolis; approx. 35 mins. from HONDA plant in Greensburg, IN; approx. 25 min. to I-465 in Indianapolis; 25 min. to 1-70; 35 min. to 1-65, & 35 min. to 1-69. The property is also 40 miles to the Indianapolis International Airport, 10 miles to Shelbyville Municipal Airport (5,000 ft. runway), & 50 miles to the Cincinnati Shipping Port.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Owner-User Opportunity

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating

CLEAR CEILING HT

24 Ft

DOCKS

2

DRIVE INS

19

PARKING SPACES

100

LAND DETAILS

LAND ACRES

26.9

LAND SF

1,171,764

ZONING

I

APN/PARCEL ID

73-04-07-300-033.000-008

ASK ABOUT THIS PROPERTY

Russ ZimmermanPremier Commercial Real EstateMore Info
317-454-7171

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Russ ZimmermanPremier Commercial Real EstateMore Info
317-454-7171

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