Rushville Multi-Tenant Investment

Retail-Commercial for Sale
Catylist Listing ID: 30171564
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 5,000 SF
Gross Land Area: 0.51 Acres
Sale Price: $475,000
Unit Price: $95 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.26%
Last Updated: 10/12/2017

Overview / Comments

Berkshire Hathaway Indiana Realty is pleased to offer a multi-tenant investment opportunity in Rushville,Indiana. The property is located on State Highway 3 (1628 North Main Street).

Rushville is located in East Central Indiana situated in a rural area. The town is the county seat for Rush County with a total county-wide population of 16,649 based upon 2016 statistics. The city is comprised of 6,065 citizens with a median household annual income of $48,970. The property located at 1628 N. Main Street was developed in 2007 and the building has 5,000 rentable square feet consisting of three units. The current tenants include a Liquor Store,Edward Jones and Little Cesar’s Pizza. The land area is .51 acres with an asphalt parking lot with 15 parking spaces. The current annual gross operating income is $61,739 dollars, the asking CAP rate is 8.26%.

Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Rush
Tax ID/APN: 70-07-29-351-010.000-011
Property Visibility: Excellent
Largest Nearby Street: State Road 3
Traffic/Vehicle Count: 8,500
Highway Access: The property fronts State Highway 3
Property Condition: Excellent
Year Built: 2007
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 15
Parking Type: Surface
Lot Frontage: 110
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,513 6,535 8,244
Median Age: 43.71 39.73 39.92
Households: 1,545 2,690 3,332
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