8758 IN-9 - Light Manufacturing FOR SALE


Pendleton, IN 46064
$949,000 USD
765-888-7653
8758 IN-9, Pendleton, IN for Sale
$949,000 USD
Light Manufacturing - FOR SALE
1/75
null | 4.4% Cap Rate

NEW


8758 IN-9
Pendleton, IN 46064


HIGHLIGHTS

  • Multi tenant investment property
  • Opportunity for owner occupancy in vacant house
  • Room for further expansion/additional buildings for value add

OVERVIEW

Exceptional multi-building, multi-tenant, commercial property for sale in Pendleton, Indiana sitting on +/-4.12 acres. This versatile 7 unit, multi-tenant property offers the savvy investor with ample space for multiple businesses/tenants or for further expansion if desired for value add strategy. Investors will simultaneously enjoy a steady stream of long term tenant cash flow and the opportunity to diversify an investment portfolio. Owner/operators will also enjoy the opportunity to set up an office in a solid brick farm house built in 1916, which has immaculate wooden inlays and custom carpentry. The house is another opportunity to provide a tenant an amazing office space and generate more income. Each building is suited to accommodate various tenants, making it a highly desirable property for income generation and long-term investment. With its strategic location just 6 minutes from I-69 Exit 219 and 13 minutes from I-70 Exit 104 it offers unparalleled access between two very busy interstate corridors. With over 6,100 vehicles passing by per day passing this property also offers high visibility and easy access for businesses and customers alike. Pendleton is a growing and vibrant community with a strong local economy, complemented by its proximity to Indianapolis and Greenfield. Being centrally located to Greenfield, Muncie, Anderson, and Indianapolis allows this property to be is ideally positioned to serve Central Indiana's growing commercial needs. Each of 7 units are attached to municipal utilities. Current occupancy is a cap rate of 4.4%, but by filling the vacant units, pro forma improves to 8.7%. Don't miss your chance to own this versatile, strategically located commercial property!

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

4.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.13

LAND SF

179,903

ZONING

GB

APN/PARCEL ID

48-14-29-400-111.000-013

ASK ABOUT THIS PROPERTY

Tim HallF.C. TuckerMore Info
765-888-7653

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Tim HallF.C. TuckerMore Info
765-888-7653

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