Existing Automotive Dealership/Body Shop/Service Building

Retail-Commercial for Sale
Catylist Listing ID: 30022348
Property Subtypes: Car Wash, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related
Building Size (RSF): 35,700 SF
Gross Land Area: 7.53 Acres
Sale Price: $1,990,000
Unit Price: $55.74 PSF
Property Use Type: Vacant/Owner-User
Building Name: Existing Building of Dellen Ford / Lincoln, Muncie
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 7/26/2017

Overview / Comments

Owner is relocating to a new building to be constructed at Nebo x McGalliard.

This facility has a 30-Year History of Automotive of high volume Sales & Service near the Muncie Mall. This is a high profile location recently remodeled with Automotive Sales, Service, Parts, and Body Shop in active use!

All showings by appointment only!

Attachments & Media

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $44,631 (Annual)
Tax Value Land $418,200
Tax Value Improvements $1,069,500
Assessed Value - Total($) $1,487,700 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $41,871 (Annual)
Tax Value Land $418,200
Tax Value Improvements $977,500
Assessed Value - Total($) $1,395,700 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $43,610 (Annual)
Tax Value Land $469,800
Tax Value Improvements $983,900
Assessed Value - Total($) $1,453,700 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $42,591 (Annual)
Tax Value Land $430,700
Tax Value Improvements $989,000
Assessed Value - Total($) $1,419,700 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $39,608 (Annual)
Tax Value Land $316,800
Tax Value Improvements $1,003,500
Assessed Value - Total($) $1,320,300 (Annual)

Additional Details

Nearest MSA: Muncie
County: Delaware
Taxing Authority: Delaware County
Tax ID/APN: 18-11-02-100-012.000-003
Zoning: BV - VARIETY BUSINESS
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Located Between: Broadway & State Highway 67
Property Visibility: Excellent
Largest Nearby Street: McGalliard Road
Airports: Nearby Airport just North of McGalliard on Walnut Street
Site Description: Current Dealership located on 7.53 Acres. Price includes additional 3.2 Acres Adjacent land parcel for expansion.
Area Description: McGalliard Road is the highest business traffic road on Muncie's busy North Side. This facility is on the East side located near the Muncie Mall / Target / Kohls / Alta and new AMC Movie Theatres.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1986
Legal Description: PT FRAC NW QTR S02 T20 R10 7.570 AC

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,863 53,522 79,536
Median Age: 36 33.2 35.11
Households: 1,742 20,045 31,357

Contact

Photograph of Listing Agent

Mark Sturgis

ADM Commercial Real Estate
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