525 Lafayette Ave - Freestanding FOR SALE


Lebanon, IN 46052
$229,000 USD
765-413-6046
525 Lafayette Ave, Lebanon, IN for Sale
$229,000 USD
Freestanding - FOR SALE
1/15
null | 8.32% Cap Rate

525 Lafayette Ave
Lebanon, IN 46052


HIGHLIGHTS

  • Leased to Established Tenant- Pizza King
  • Over 200' of total Frontage in Growing Lebanon, IN
  • Stand-Alone Brick Construction Building with Designated Off-Street Parking

OVERVIEW

Income-producing restaurant investment opportunity in Lebanon, Indiana. 525 Lafayette Avenue features an approximately 1,130 SF brick commercial building situated on a highly visible 4,356 SF corner lot along an established corridor near downtown Lebanon. The property is currently leased to Pizza King, an established Indiana restaurant franchise, generating $2,000 per month / $24,000 in annual gross rent. The property features C3 Commercial zoning, seven designated parking spaces, distinctive exterior murals, and strong visibility from multiple public-facing sides. Located near downtown Lebanon and neighboring commercial and employment uses, the property offers investors an opportunity to acquire a manageable, income-producing commercial asset with an established restaurant tenant. Property Improvements / Capital Updates: -Current owner purchased the property in 2023 and completed significant updates that year. -HVAC system replaced in 2023. -Major portion of the roof replaced in 2023. -Remaining section of the roof replaced in 2026. -Property was updated/remodeled in 2023. Lease / Maintenance Responsibilities: Landlord: Responsible for HVAC repair/replacement and roof repair/replacement. Tenant: Responsible for routine HVAC maintenance. Investment Note: The recent HVAC and roof replacements reduce near-term exposure to two of the property's larger landlord-responsibility capital items.

FOR SALE DETAILS

PRICE

$229,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

8.32%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C3

APN/PARCEL ID

06-10-36-000-003.019-002

ASK ABOUT THIS PROPERTY

Shane ChildersKeller Williams CommercialMore Info
765-413-6046

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Shane ChildersKeller Williams CommercialMore Info
765-413-6046

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