$249,900
** 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
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
MLS # | 202433588 |
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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 |
5th Bedroom | 1 × 0 | Level |
Construction | Other |
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Lot Size | 14,375 sq ft |
Acreage | 0.33 Acres |
Lot Dimensions | 66' x 219' |
Fence | None |
Area | Steuben County |
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County | Steuben |
Subdivision | North Wayne |
Township | Pleasant |
City | Angola |
State | IN |
Zip | 46703 |
School District | MSD of Steuben County |
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Elementary | Pleasant Lake |
Middle School | Angola |
High School | Angola |
Assoc. Dues | $0.00 Not Applicable |
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MLS# 202433588
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.
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