REIT Sale | Former CVS
Hard Corner Location
Marketing description
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Former CVS at 3808 East Washington Street, Indianapolis, IN 46201 presents a compelling retail investment and value-add opportunity along one of Indianapolis’ most traveled commercial corridors. Situated on a hard signalized corner at E Washington Street and N Sherman Drive, the site benefits from outstanding visibility and traffic counts of approximately 35,500–36,600 vehicles per day. The property consists of approximately 12,585 SF on 1.03 acres and is surrounded by dense residential neighborhoods, established national retailers, schools, apartments, and major community amenities. Demographics are strong, with more than 118,000 residents within 3 miles and nearly 264,000 residents within 5 miles, supporting long-term retail demand. This well-located former CVS offers investors the chance to acquire a recognizable freestanding asset in a growing Indianapolis market known for its economic stability, healthcare presence, logistics infrastructure, and year-round consumer activity. With convenient access, strong frontage, and a proven retail location in the high-traffic East Washington corridor, this property is ideally positioned for continued retail use, repositioning, or redevelopment.
- Non-Contingent
- Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
- Subject To Seller Approval
3808 E Washington St, Indianapolis, IN 46201
Investment highlights
IN Auctioneer: Stephen Dawson, AU12500067 Crexi Technologies, AC32500016
- Hard Signalized Corner– Located at the intersection of E Washington Street & Sherman Dr, a major commercial thoroughfare which sees more than 36,600 vehicles daily.
- Dense Surrounding Population – Positioned in a well-populated area with 3-mile population exceeding 117,169 residents and 5-mile population of more than 262,535 residents.
- Growing Indianapolis Market – Indianapolis continues to experience economic growth, supporting retail and commercial expansion.
- Established Retail Location – Surrounded by national and local retailers, driving consistent foot traffic to the area.
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