600 N Wayne Street Angola, IN 46703

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Other • 60Y Old

$249,900

600 N Wayne Street

2 Bathrooms 0 Full, 2 Half
3800 sqft
0.33 Acres
Property Description

** 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

Directions

Proceed North from Angola CBD on US HWY 127 - aka No. Wayne Street - Property is on the East (right) side of Wayne at Morse Street - Mama's Place Restaurant

Map to 600 N Wayne Street, Angola, IN 46703

Property
MLS # 202433588
Date Listed 2024-08-30
Status Active
Property Type Investment
Property SubType Other
Square Feet 3800 sqft
New Construction No
Style One Story
Type Other
Bathrooms 2 (0 Full, 2 Half)
Annual Taxes $1,500.00
Year Taxes Payable 2023 Pay 2024
Year Built 1964
Days on Market 37
Room Dimensions
5th Bedroom 1 × 0 Level
External Features
Construction Other
Lot Size 14,375 sq ft
Acreage 0.33 Acres
Lot Dimensions 66' x 219'
Fence None
Location
Area Steuben County
County Steuben
Subdivision North Wayne
Township Pleasant
City Angola
State IN
Zip 46703
Schools
School District MSD of Steuben County
Elementary Pleasant Lake
Middle School Angola
High School Angola
Financial
Assoc. Dues $0.00 Not Applicable

MLS# 202433588
Listing Provided Courtesy of Robert Thatcher
Coldwell Banker Real Estate Group
Cell: 574-596-1576

Listing updated September 18, 2024 at 3:00 pm
Last checked 9 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Learn More About 600 N Wayne Street

Presented By
Deborah Rodriguez
Deborah Rodriguez
(260) 316-6148
Email
Agent to Contact

By clicking "Message Agent", you agree to be contacted by Mike Thomas Associates about your request. Please see our Privacy Policy.