516 S Washington St - Storefront FOR SALE
Marion, IN 46953 |
$325,000 USD
260-755-7836
516 S Washington St
Marion, IN 46953
HIGHLIGHTS
- Automotive Color & Supply Corporation, a leading distributor of automotive and industrial coatings, anchors the property
- This established tenant operates 10 locations across Indiana and Illinois, ensuring strong regional stability
- A 10% cap rate with an NNN lease structure, and an attractive investment, o?er minimal landlord responsibilities and scheduled rental increases
- Located in close proximity to downtown Marion, this prime location enhances accessibility and visibility making it a compelling investment opportunity
- A long-term lease structure and a reputable tenant in a crucial industry ensure a steady and pro?table income stream
FOR SALE DETAILS
PRICE
$325,000 USD
PRICE/SF
$79 USD /SF
CAP RATE
10.09%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
516 S. WASHINGTON ST., MARION, IN 46953
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1920
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.1 AC
LAND SF
4,356 SF
ZONING
LC/TC
APN/PARCEL ID
27-07-06-402-162.000-002
ASK ABOUT THIS PROPERTY
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260-755-7836
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260-755-7836
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