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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

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

Details

  • Property Details

  • MLS #:
    202433588
  • Price
    $249,900
  • Bedrooms
    0
  • Baths Total
    2
  • Full Baths
    0
  • Half Baths
    2
  • Approx. Lot Size Acres
    0.33
  • Approx. Lot Size SqFt
    14,375
  • Class
    Investment
  • DOM
    19
  • Lot Dimensions
    66' x 219'
  • New Construction
    No
  • Parcel ID#
    76-06-26-120-313.010-012
  • Property Sub-Type
    Other
  • State
    IN
  • Style
    One Story
  • Subdivision
    North Wayne
  • Total Finished SqFt
    3,800
  • Total SqFt
    3,800
  • Year Built
    1964
  • Zip
    46703
  • Interior Features

  • Below Grade Finished SqFt
    0
  • Other Features

  • Pool Y/N
    No
  • Waterfront Y/N
    No

Last updated: September 18 2024, 9:06 PM

Listing courtesy of: Robert Thatcher, Coldwell Banker Real Estate Group

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

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