600 N Wayne St | Angola, IN 46703
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- LoopNet Team
600 N Wayne St
Angola, IN 46703
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Affordable, Investment Grade Property w/ Opportunity Zone Tax Incentives! or Ideal 1031 Candidate.
- High Visibility Location on US HWY 127, Excellent Signage & (ADT)Counts of 15,714. Dominant Commercial District-Multiple National Brands Present
- Sale of the Real Estate includes the Commercial Kitchen Hood System, Cooler & (3) Bay Sink (Tenants FF&E is Excluded)
- Very Well Maintained Commercial Facility with Newer, EPDM Roof & HVAC System(s) both replaced circa, 2020
- Angola is the County Seat of Steuben County Indiana - Trine University is a quick 5 minute drive from the investment property
- The Asset is Leased through May, 2025 Yielding an Estimated (11%) Cap Rate. The Lease provides for a Renewal Option with Increase
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,800 SF
Building Class
C
Year Built/Renovated
1964/2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.33 AC
Zoning
C-1 - City Commercial - Supports multiple Uses of the asset
Parking
20 Spaces (5.26 Spaces per 1,000 SF Leased)
Frontage
66’ on N. Wayne Street
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $112,000 | |
| Land Assessment | $86,400 | Total Assessment | $198,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$86,400
Improvements Assessment
$112,000
Total Assessment
$198,400
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