** Leased Investment ** Prime Investment Opportunity - estimated, 11% CAP Rate! Introducing! 600 N. Wayne Street Angola, Indiana Affordable, Investment Grade Property w/ Opportunity Zone Tax Incentives! ATTENTION - INVESTORS | 3,800 SF Commercial Restaurant For Sale Prime NE Indiana Location adjacent to the dynamic Angola Central Business District (CBD) & Trine University! ZONED: C-1 City Commercial The Wayne Street Commercial District is US HWY 127 and is home to many national brands neighboring this prominent investment property High Visibility, Excellent Signage & Average Daily Traffic Counts of 15,714 Very Well Maintained Commercial Facility with Newer, EPDM Roof & HVAC System(s) both replaced in 2021. Ample On-Site Parking for Customers & Staff Commercial Kitchen Exhaust Hood, Cooler & (3) Bay Sink, Included w/Sale of Real Estate Modified Net Leased Asset through May, 2025; Renewal Option w/Increase to Base Rent of up to 10% is provided for in the Lease Agreement. Priced To Sell: $249,900 ($65.76/SF) Offered Exclusively By: Robert L. Thatcher CRRP, CRX, CSM, CMD, CLS, CDP Commercial Broker/Advisor - Coldwell Banker Commercial
Closed
$245,000
600 N Wayne St, Angola, IN 46703
--beds
3,800sqft
Multi Family
Built in 1964
-- sqft lot
$261,600 Zestimate®
$--/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 08, 2024 at 05:51am
Listed by:
Robert L Thatcher Cell:574-596-1576,
Coldwell Banker Real Estate Group
Bought with:
Robert Burnsworth, RB14042756
Coldwell Banker Real Estate Gr
Source: IRMLS,MLS#: 202433588
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Natural Gas, Forced Air
Cooling
- Central Air, Other
Features
- Storage
- Flooring: Concrete
- Has basement: No
Interior area
- Total structure area: 3,800
- Total interior livable area: 3,800 sqft
- Finished area above ground: 3,800
- Finished area below ground: 0
Property
Parking
- Total spaces: 20
- Parking features: Gravel, Off Street, Paved, Private, Unpaved, Asphalt
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.33 Acres
- Dimensions: 66' x 219'
- Features: Corner Lot, Level, City/Town/Suburb, Near College Campus
Details
- Additional structures: None
- Parcel number: 760626120313.010012
- Zoning: C1
- Zoning description: Commercial Business District
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Metal Siding, Wood Siding, Masonry
- Foundation: Slab
- Roof: Flat,Metal,Rubber
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: City
- Water: City
Green energy
- Energy efficient items: HVAC, Roof
Community & neighborhood
Location
- Region: Angola
- Subdivision: North Wayne
HOA & financial
Other financial information
- Total actual rent: 32400
Other
Other facts
- Listing terms: Cash
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$261,600
2% more+$5,232
With Zillow Showcase(estimated)$266,832