619 Morton Avenue, Martinsville Retail Site

Retail-Commercial for Sale
Catylist Listing ID: 29950105
Property Subtypes: Free-Standing Building, Retail-Pad
Building Size (RSF): 12,000 SF
Gross Land Area: 4.45 Acres
Sale Price: $599,000
Unit Price: $49.92 PSF
Property Use Type: Vacant/Owner-User
Building Name: former Miles Furniture
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/4/2017

Overview / Comments

Excellent high traffic location with 12,000 square foot building, zoned B 2. All utilities to site. Rear parcel on Josephine St. is R 2 zoned. Building fronts U S 39 and has asphalt drive and parking. Suitable for retail, light industrial showroom or flex space, churches.

Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Morgan
Taxing Authority: Morgan County
Tax ID/APN: 551304365008000021
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: Burton Lane
Highway Access: 39
Site Description: Building sits close to road, large lot with connector street at rear
Area Description: High traffic retail location on 39, just 1/2 mi from US 37
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,000 SF
Property Condition: Fair
Year Built: 1951
Roof Type: Gable
Construction/Siding: Block
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: B 2 for building and front lots, R 2 at the rear lot on Josephine St.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,232 15,744 19,672
Median Age: 37 38.05 38.67
Households: 2,087 6,078 7,524


Photograph of Listing Agent

Barbara L Dunn-Stear

SVN Parke Group ICREX Member
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