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722 Wendemere

 

Cloyd Real Estate

13160 N. US. 31

Edinburgh, IN 46124    

 

Property Type:

Retail-Commercial for Sale
Free-Standing Building, Street Retail, Vehicle Related
Building Size (RSF): 2,310 SF
Sale Price: $180,000
Unit Price: $77.92 Per SF
Building Name: Cloyd Property
Property Status: Existing
Gross Building Area (GBA): 2,310 SF
Total Land Size: 0.559 Acres
Sale Terms: Cash to Seller

 

Property Overview

Extremely well maintained office building that has been recently remodeled and presently leased to a church. The church has approximatley one (1) year remaining on a lease and also has the Right of First Refusal on the purchase. They presently express only a possible interest in continuing to lease. The building is in great condition with a recent remodel, handicapped restrooms, paved parking, and many more amenities.
Excellent visibility and accessability with lots of potential as investment or for possible user.

Tenant Profile

Tenancy: Single Tenant
Percent Occupied: 100%
Smallest Unit Available: 2,310
Tenant Name: Blue River Baptist
SF of Space Occupied: 2,310
Current Rent (PSF): $6.50
Lease Expiration: 4/2011
Options: One (1) two (2) year option to renew with a Right of First Refusal on purchase.

Additional Details

Nearest MSA: Indianapolis-Carmel
County: Johnson
Tax ID Number/APN: 05051000500
Property Use Type: Net Leased Investment (NNN)
Zoning: Road Retail
Market Type: Medium
Retail Clientele: General, Business, Traveler
Property Located Between: US 31
Side of Street: East
Road Type: Highway, Highway Interchange
Property Visibility: Good
Street Name: US. 31 & I- 65
Feet of Frontage: 135
Transportation: Highway
Highway(s) Access: Located approximately one mile from Exit 76 on I-65 with frontage on US 31.
Site Description: Extremely well maintained office building that has been recently remodeled and presently leased to a church.The building is in great condition with a recent remodel, handicapped restrooms, paved parking, and many more amenities. Excellent visibility and accessability with lots of potential as investment or for possible user.
Area Description: This building has frontage on US. 31 just north of the Edinburgh Outlet Mall and is located near a Circle K. This site has lots of potential. This site is located just North of the Edinburgh Prime Outlet Mall as well as Exit 76 on I-65 and just south of Edinburgh on US. 31. This site would make an excellent location for office as well as a roadside business.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Renovated: 2009
Roof Type: Gable
Total Parking Spaces: 20
Parking Type: Surface
Heat Type: Electricity, Gas
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable, DSL
Zoning Description: Roadside Retail
Lot Frontage (Feet): 135
Lot Depth: 214
Topography: Gently Sloping
Soil Type: Sandy
Easements: Ingress/Egress
Easements/Encumberances Description: Property has a shared easment on the north drive with adjacent property and also has another drive cut on the South end.
Land Ownership owned
Real Estate Taxes - Annual($): $2,551.36