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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
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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Big Box Retail | 301 S 5th Ave
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