227 W 38th St - Auto Repair FOR SALE


Indianapolis, IN 46208- Crown Hill
$261,566 USD
317-429-7576
227 W 38th St, Indianapolis, IN for Sale
$261,566 USD
Auto Repair - FOR SALE
1/3
null | 8.75% Cap Rate

227 W 38th St
Indianapolis, IN 46208
Crown Hill


OVERVIEW

- Single-Tenant Automotive Property: Leased to AM Automotive, a locally operated towing and auto repair business - Tenant Responsibilities: Performs/pays CAM, reimburses for RE taxes and insurance, and maintains/repairs HVAC and parking lot - High-Traffic Corridor: Positioned along 38th Street (12,500 VPD) surrounded by national and regional tenants including McDonald’s, Crew Carwash, Family Dollar, and Ace Hardware - Proximity to Major Destinations: Within 5 minutes of the Indiana State Fairgrounds, Butler University, and Downtown Indianapolis

FOR SALE DETAILS

PRICE

$261,566 USD

PRICE/SF

$156 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,393 SF

ZONING

-

APN/PARCEL ID

49-06-23-148-055.000-101

ASK ABOUT THIS PROPERTY

Phoebe AaronVeritas RealtyMore Info
317-429-7576

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Phoebe AaronVeritas RealtyMore Info
317-429-7576

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