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5050 E 38th St
Indianapolis, IN 46218
Emerson Square · Retail Property For Sale
Investment Highlights
- Attractive Fundamentals at $127 PSF and Rents Averaging Less Than $12 PSF & New Roof in 2023
- Infill Location with Captive Customer Base Along a Major Thoroughfare in Indianapolis
- Sustainable Rents with Rent Per Square Foot Averaging Less Than $12
- Minimal Landlord Responsibilities with Net Lease Structure-Tenants Reimburse Pro-Rata Share of Common Area Maintenance, Taxes, Insurance and Mgmt.
- Located in Dense Retail Trade Area, Nearby Retailers Include Dollar general, CVS, Fresh Market, Goodwill, Walgreens and More
- Emerson Square Offers a Synergistic, E-Commerce Resistant Tenant Base: Hair Salons/Barbershop, Smoke Shop & a Food Shop
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,850 SF
Building Class
C
Year Built
1967
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.76 AC
Zoning
C - Commercial
Parking
60 Spaces (7.64 Spaces per 1,000 SF Leased)
Frontage
160’ on East 38th Street
Amenities
- Bus Line
- Fenced Lot
- Pylon Sign
- Signage
- Tenant Controlled HVAC
Property Taxes
| Parcel Numbers | Improvements Assessment | $245,000 | |
| Land Assessment | $83,000 | Total Assessment | $328,000 |
Property Taxes
Parcel Numbers
Land Assessment
$83,000
Improvements Assessment
$245,000
Total Assessment
$328,000
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