Listed by Coldwell Banker Lingle
$275,000
224 South 5th Street, Richmond, IN 47374
Details
APN 891805230225000030
Property Type Retail, Office
Sub Type Traditional Office, Medical Office
Square Footage 6,129
Units 3
Cap Rate 15.00%
Occupancy 60%
Tenancy Multi
Lease Type NNN
Remaining Term 4
Class B
Year Built 1950
Stories 2
Acreage 0.150
Parking Spaces 3 spaces
Parking Per SqFt 0.49
Ground Lease No
Commercial Opportunity I High Traffic Corridor I 1750 SF I Richmond, IN
Marketing description
Take advantage of this exceptional opportunity. This 6129 SF building is 60% leased, with a cap rate of 15%. It is a commercial building situated along a high-traffic corridor with outstanding visibility. The main level of this attractive two-story property, which is for lease, offers a welcoming reception area, multiple office spaces, a shared restroom, a fully equipped kitchenette, a stunning atrium with a fountain, and abundant storage in the full basement. Rich wood craftsmanship and three fireplaces add warmth and character throughout the space. For additional information or to arrange a private showing, contact Alan Stamper at 765-994-8822.
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Listed by Coldwell Banker Lingle
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