High Traffic Corner in North Vernon, Indiana

Retail-Commercial for Sale
Catylist Listing ID: 30048646
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 21,800 SF
Gross Land Area: 1.17 Acres
Sale Price: $750,000
Unit Price: $34.40 PSF
Ceiling: 20 ft.
Property Use Type: Investment
Building Name: NW. Acquisitions
Usable Size (USF): 21,800 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/1/2017

Overview / Comments

Commercial building formerly used as a Jay-C Grocery store, Ace Hardware, Country Depot. It has been divided into two suites with its own utilities and address. It has just recently been acquired and is being offered for lease or for sale. Suite 2110 is 11,432 square feet presently with 2 restrooms, 2 offices, and a storage area. It has a double door in the rear with access to 2 docks. Suite 2130 is 10,132 square feet with a restroom and an overhead door in the rear with access to 2 docks.

Attachments & Media

Additional Details

Nearest MSA: North Vernon
County: Jennings
Tax ID/APN: 40-09-28-300-063.000-004
Zoning: COMMERCIAL
Retail Clientele: General
Property Located Between: State Hwy 7 & State Hwy 3
Property Visibility: Excellent
Largest Nearby Street: North Vernon
Feet of Frontage: 540
Traffic/Vehicle Count: 24,830
Highway Access: State Hwy 7 and State Hwy 3
Airports: North Vernon
Site Description: Commercial building formerly used as a Jay-C Grocery store, Ace Hardware, Country Depot. It has been divided into two suites with its own utilities and address. Suite 2110 is 11,432 square feet presently with 2 restrooms, 2 offices, and a storage area. It has a double door in the rear with access to 2 docks. Suite 2130 is 10,132 square feet with a restroom and an overhead door in the rear with access to 2 docks.
Area Description: This site is located at the intersection of SR 7 & SR 3. It is a very high traffic area and excellent visibility. This has to be one of the best location in North Vernon. It is across the street from a new Taco Bell, and standing in the parking lot you can see Arby's, KFC, as well as several other National and Regional businesses.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Heat Type: Natural Gas
Internet Access: Cable, DSL, Satellite, Dialup
Zoning Description: Commercial
Easements Description: Cross easement for parking with a bank and health clinic.
Land Ownership: owned
Legal Description: PT N SIDE SWQ 28-7-8 1.177 AC

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,003 13,403 14,760
Median Age: 41.97 36.61 36.65
Households: 849 5,131 5,634

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