$2,200,000 USD
216-503-3610
646 Massachusetts Ave
Indianapolis, IN 46204
Chatham Arch
HIGHLIGHTS
- VALUE ADD THROUGH LEASE UP – The building is currently ±10% occupied by one retail tenant in ±562 SF.
- PROXIMITY TO DOWNTOWN – The property is located in the Mass Ave Corridor surrounded by restaurants, bars, significant housing redevelopment.
- ADDITIONAL DEVELOPMENT POTENTIAL – The property has additional land to develop more density – townhomes, multifamily, or even additional retail
- PARKING ON SITE – The property currently has 10+ parking spaces, providing an amenity to potential operators or tenants that isn’t readily available
FOR SALE DETAILS
PRICE
$2,200,000 USD
PRICE/SF
$60 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mixed-use High Street Retail/office
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.29 AC
LAND SF
12,632 SF
ZONING
-
APN/PARCEL ID
49-11-01-116-002.000-101,49-11-01-116-003.000-101
ASK ABOUT THIS PROPERTY
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216-503-3610
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216-503-3610
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