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Key Details
Sold Price $245,000
Property Type Single Family Home
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,800 sqft
Subdivision North Wayne
MLS Listing ID 202433588
Sold Date 10/04/24
Style One Story
Half Baths 2
Abv Grd Liv Area 3,800
Total Fin. Sqft 3800
Year Built 1964
Annual Tax Amount $1,500
Lot Size 0.330 Acres
Property Description
** Leased Investment ** Prime Investment Opportunity - estimated, 11% CAP Rate! Introducing! 600 N. Wayne Street Angola, Indiana Affordable, Investment Grade Property w/ Opportunity Zone Tax Incentives! ATTENTION - INVESTORS | 3,800 SF Commercial Restaurant For Sale Prime NE Indiana Location adjacent to the dynamic Angola Central Business District (CBD) & Trine University! ZONED: C-1 City Commercial The Wayne Street Commercial District is US HWY 127 and is home to many national brands neighboring this prominent investment property High Visibility, Excellent Signage & Average Daily Traffic Counts of 15,714 Very Well Maintained Commercial Facility with Newer, EPDM Roof & HVAC System(s) both replaced in 2021. Ample On-Site Parking for Customers & Staff Commercial Kitchen Exhaust Hood, Cooler & (3) Bay Sink, Included w/Sale of Real Estate Modified Net Leased Asset through May, 2025; Renewal Option w/Increase to Base Rent of up to 10% is provided for in the Lease Agreement. Priced To Sell: $249,900 ($65.76/SF) Offered Exclusively By: Robert L. Thatcher CRRP, CRX, CSM, CMD, CLS, CDP Commercial Broker/Advisor - Coldwell Banker Commercial
Location
State IN
County Steuben County
Area Steuben County
Zoning C1
Direction Proceed North from Angola CBD on US HWY 127 - aka No. Wayne Street - Property is on the East (right) side of Wayne at Morse Street - Mama's Place Restaurant
Rooms
Dining Room 0
Interior
Flooring Concrete
Appliance Building, Land, Lease
Laundry , 20
Exterior
Amenities Available Storage
Waterfront No
Roof Type Flat,Metal,Rubber
Total Parking Spaces 20
Building
Lot Description Corner, Level
Story 1
Structure Type Block,Metal,Wood,Masonry
New Construction No
Schools
Elementary Schools Pleasant Lake
Middle Schools Angola
High Schools Angola
School District Msd Of Steuben County
Others
Financing Cash
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IDX information provided by the Indiana Regional MLS
Bought with Robert Burnsworth • Coldwell Banker Real Estate Gr
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