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5040 W Us Highway 52
New Palestine, IN 46163
New Towne Shoppes · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Building Size
9,065 SF
Building Class
C
Year Built
2003
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.65 AC
Zoning
B-2 General Business
Parking
53 Spaces (5.85 Spaces per 1,000 SF Leased)
Frontage
148’ on W Us Highway 52
Amenities
- Pylon Sign
About 5040 W US HIGHWAY 52 , NEW PALESTINE, IN 46163
• Fully leased neighborhood center anchored by corporate guaranteed Subway NNN lease. • Located in one of Indiana’s fastest growing counties and 10 minutes from the I-465 loop. • NOI of $118,274 and land on north side of building approved for additional development. Could add 4,000 sf to center • Two-year-old roof and parking lot improvements Q4 2018. Built in 2003, the New Towne Shoppes have been fully leased since 2015 and is in one of Indiana’s fastest growing counties. This five tenant retail center is located directly next door to a CVS and in the heart of NewPalestine. Anchored by Subway for the last 16 years, this is a fantastic investment opportunity for buyers looking for cash flow day one.
Property Taxes
| Parcel Number | 30-10-30-100-003.000-013 | Improvements Assessment | $917,600 |
| Land Assessment | $182,400 | Total Assessment | $1,100,000 |
Property Taxes
Parcel Number
30-10-30-100-003.000-013
Land Assessment
$182,400
Improvements Assessment
$917,600
Total Assessment
$1,100,000
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