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Key Details
Sold Price $979,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision University Heights
MLS Listing ID 202233084
Sold Date 12/09/22
Year Built 1989
Annual Tax Amount $8,100
Tax Year 2022
Lot Size 0.810 Acres
Property Description
Looking for a remodeled neighborhood shopping center with very low operating costs and great income? Look no further than this property located next to the new Starbucks, new Culver's, new Donut Bank, and Subway. Property has been remodeled with many upgrades by current owner over the past 7 years, including roof coating over the metal roof, newer rooftop HVAC units, remodeled tenant spaces, 40 foot EMC reader board marquis, major repairs to parking lot and drainage, canopy, outside paint, and many more. This property has been a consistent cash generator, and now has 2 small vacancies that when occupied put this property to annual revenue in excess of $117,000. Annual operating expenses have averaged less than $20,000. Listing Broker is the owner of the property.
Location
State IN
Area Vanderburgh County
Direction Lloyd Expressway West. Turn left into lane next to Starbucks. Property on the left
Interior
Flooring Mixed
Appliance Building, Land
Laundry , 30
Exterior
Waterfront No
Roof Type Metal,Other,Rubber
Parking Type lot
Total Parking Spaces 30
Building
Story 1
New Construction No
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IDX information provided by the Indiana Regional MLS
Bought with Charles Capshaw II • Key Associates Signature Realty