300 W Jennings St

300 W Jennings, Newburgh, Indiana 47630

  • Property Subtypes Other , Mixed Use , Street Retail
  • Gross Building Area 33,937 SF
  • Building Status Existing
  • Sale Price $1,500,000.00 Total
  • Property Use Type Vacant/Owner-User
  • Class of Space N/A
  • Total Land Size 1.31 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 8/7/2020
  • Days on Market 374 Days
  • Status active

Overview / Comments

Once in a lifetime opportunity to own a piece of history in Downtown Newburgh, IN. Jennings Station is a well know indoor/outdoor shopping and office complex in the Heart of Downtown Newburgh. Currently the property is nearly 100% occupied with numerous long-term tenants. Over the last 4 years the building has undergone a number of updates including a new roof over 75% of the property, 12 updated HVAC units and updated wireless security system and sprinkler system. All Residential apartments are new within the last 5 years and are all separately metered for Vectren. Landlord pays water/sewer for all units. Property appraised for $1,000,000 before 5 apartments were added and numerous updates were completed. "Disclosure and Waiver Prior to Physical Showings must be signed before showing."

Additional Details

  • Tax ID/APN 87-15-03-103-153.000-014
  • Zoning C-1
  • Total Number of Buildings 1
  • Number of Stories 2
  • Year Built 1940

Original text