1511 N Meridian St - Freestanding FOR SALE


Portland, IN 47371
$499,000 USD
260-729-7119
1511 N Meridian St, Portland, IN for Sale
$499,000 USD
Freestanding - FOR SALE
1/28
null | Request Cap Rate

1511 N Meridian St
Portland, IN 47371


HIGHLIGHTS

  • Great location!

OVERVIEW

Turnkey restaurant opportunity located on a highly visible and large corner lot along a major highway in Portland. This fully remodeled commercial building offers excellent traffic counts, outstanding exposure, and a convenient drive-up window. The property features a spacious asphalt parking lot with easy access, making it ideal for dine-in, carryout, or drive-through service. The building has been extensively updated and is truly move-in ready. Improvements include new exterior paint, expanded and newly paved parking lot, updated electrical, new HVAC systems, new plumbing, new drywall, brand new bathrooms, and a fully updated dining area with new booths. Additional features include a walk-in cooler and a new storage shed for added functionality. With its prime location, high visibility, and turnkey restaurant setup, this property offers an outstanding opportunity for restaurant operators, franchise concepts, or investors. Offered at $499,000. Agent has partial ownership of property. The driveway on the south side of the property is a shared driveway. The north side of the property has an easement for ingress and egress. Any & all personal property & equipment (including the exhaust /hood oven system) are not included in the sale but are negotiable.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

HS

APN/PARCEL ID

38-07-16-200-016.000-034

ASK ABOUT THIS PROPERTY

Matt TarterTarter Realty Auction & Appraisal CoMore Info
260-729-7119

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Matt TarterTarter Realty Auction & Appraisal CoMore Info
260-729-7119

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.