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140 S College Ave 8,713 SF 74% Leased Retail Building Indianapolis, IN 46202 $2,450,000 ($281.19/SF) 8.89% Cap Rate
Executive Summary
Prime investment opportunity featuring a fully guaranteed leaseback from Metazoa Brewing Company.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Building Size
8,713 SF
Building Class
A
Year Built
1937
Price
$2,450,000
Price Per SF
$281.19
Cap Rate
8.89%
NOI
$217,825
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.94 AC
Opportunity Zone
Yes
Zoning
CBD-S - Central Business District - Special
Parking
50 Spaces (5.74 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
2,242 SF flexible commercial space suited for retail, office or industrial users. Features convenient loading access, ample on-site parking and quick connectivity to I-65, I-70 and Downtown Indianapolis.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,248 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 2,248 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 2,248 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
2,242 SF flexible commercial space suited for retail, office or industrial users. Features convenient loading access, ample on-site parking and quick connectivity to I-65, I-70 and Downtown Indianapolis.
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-11-12-134-004.000-101 | Improvements Assessment | $243,100 |
| Land Assessment | $948,200 | Total Assessment | $1,191,300 |
Property Taxes
Parcel Number
49-11-12-134-004.000-101
Land Assessment
$948,200
Improvements Assessment
$243,100
Total Assessment
$1,191,300
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Contact the Sale Advisor
140 S College Ave