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Big Box Retail 301 S 5th Ave 41,556 SF Retail Building Princeton, IN 47670 $850,000 ($20.45/SF)
Investment Highlights
- Reduced to AS-IS Liquidation price
- Considerable below assessed value and replacement value
- Located just off of US 41
- Fueling tanks removed & cleared environmental
- Signalized, high traffic intersection
Executive Summary
BACK ON THE MARKET! LIQUIDATION PRICE - AS IS. Property formerly leased to IGA (Houchens)and used as a grocery store since 1984. Property consists of a 38,494 SF with a total land size of 4.24 acres. Fueling station recently removed by the former tenant.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
41,556 SF
Building Class
B
Year Built
1984
Price
$850,000
Price Per SF
$20.45
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
4.07 AC
Opportunity Zone
Yes
Zoning
GB - General Business
Parking
134 Spaces (3.22 Spaces per 1,000 SF Leased)
Frontage
102’ on West Broadway Street
Amenities
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 26-11-12-301-000.524-028 | Improvements Assessment | $980,900 |
| Land Assessment | $713,000 | Total Assessment | $1,693,900 |
Property Taxes
Parcel Number
26-11-12-301-000.524-028
Land Assessment
$713,000
Improvements Assessment
$980,900
Total Assessment
$1,693,900
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Contact the Sale Advisor
Big Box Retail | 301 S 5th Ave