Retail/Apartment

Retail-Commercial for Sale
Catylist Listing ID: 30150924
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 2,400 SF
Gross Land Area: 1,240 Acres
Sale Price: $64,900
Unit Price: $27.04 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2017

Overview / Comments

This is a great opportunity to own a building in the downtown Central Business District where you can locate your business, plus generate rental income from the upstairs apartment OR use it for your personal living quarters.

1,200 square feet per floor (2 levels plus basement) with retail or office use on the primary level and a spacious 2 bedroom apartment on the 2nd level. Upstairs has replacement windows, metal siding and a refurbished façade. Seller has maintained this property and it is being sold "as is". Seller's business has outgrown this property and the tenant has recently relocated so new owner has flexibility with upstairs apartment.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $1,388 (Annual)
Assessed Value - Total($) $42,700 (Annual)

Additional Details

Nearest MSA: Muncie
County: Delaware
Tax ID/APN: 18-11-10-360-002.000-003
Zoning: CENTRAL BUSINESS
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 1,200 SF
Property Condition: Average
Year Built: 1915
Parking Description: Off street parking available. Additional parking located within 1 block.
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Legal Description: G D S20FT OF N 64 FT 0.0000Acres STR: 102010 IN: 4 OUT:

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,235 70,026 88,344
Median Age: 29.71 34.36 36.17
Households: 6,369 27,528 35,038
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