Listed by Coombes Real Estate
$1,250,000
612 N Delaware Street
Details
Property Type Retail
Sub Type Storefront
Square Footage 4,441
Cap Rate 6.80%
NOI $85,000
Parking Spaces 5 spaces
Parking per 1,000 SqFt 1.13
Investment Type Value Add
Retail | 6.80% CAP | 4,441 SqFt
Marketing description
Flexible purchase opportunity with an in-place retail lease and current short-term rental business. Can continue short-term rental or convert to long-term rental. Building is brick and limestone construction and has five dedicated parking spots on site in addition to ample street parking.
Situated on the north edge of the central business district and a few blocks from the Mass Ave arts and entertainment district is this property that is currently a mix of long-term retail and short-term residential rental.
Investment highlights
- Excellent leasing flexibility.
- Spaces can be AirBnB, Office, Retail, or Flex.
- Near-term value add opportunity.
- Easy access to I-65/I-70 split.
- Adjacent to Downtown Indy and Mass Ave.
- Great visibility on N Delaware Street.
Listing Contacts
Listed by Coombes Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,000.00
$7,083.33/mo
Valuation Metrics
0
DSCR
6.8%
Cap Rate
6.8%
ROI
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Property History
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