853 W State Road 38 - Retail FOR SALE


New Castle, IN 47362
$335,000 USD
765-524-9339
853 W State Road 38, New Castle, IN for Sale
$335,000 USD
Retail - FOR SALE
1/18
null | 10.15% Cap Rate

853 W State Road 38
New Castle, IN 47362


OVERVIEW

Quaint little rental property on the outskirts of town. One mile west of State Road 3. This property comes with four mobile homes, a commercial property (currently Wolf's Worm Shack), and an adorable one-bedroom apartment. All units are currently occupied with good renters and normally always are. Two additional RV spots are currently being added. This property consists of 2 acres that back up against the woods. Three fire pits and plenty of parking for tenants. A mile from Kroger, Aldi, restaurants, etc. Good neighbors in a quiet part of town. City water, septic. Don't miss this opportunity for a great investment.

FOR SALE DETAILS

PRICE

$335,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

10.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

C1

APN/PARCEL ID

33-12-16-110-120.000-015

ASK ABOUT THIS PROPERTY

David AdamsDavid AdamsMore Info
765-524-9339

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David AdamsDavid AdamsMore Info
765-524-9339

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