456 S. Emerson Avenue

456 S. Emerson Avenue, Indianapolis, Indiana 46219

  • Property Subtypes Auto Related
  • Building Size (RSF) 2,000 SF
  • Gross Building Area 18,178 SF
  • Sale Price $499,000.00 Total
  • Class of Space N/A
  • Total Land Size 0.42 Acres
  • Sale Terms Purchase Money Mortgage
  • Cap Rate Undisclosed
  • Last Updated 3/23/2020
  • Days on Market 252 Days
  • Status active

Overview / Comments

On the north west corner of South Emerson Avenue and English Avenue Property Description This successful auto repair shop/towing and tire store has been in business for many years with a solid track record of success. The purchase includes the business along with 1,960 square foot building sitting on .42+/- acres. Also included is a separate 390 square foot building. The business includes 2 tow trucks, 3 auto lifts, air compressor, tire machine, etc. The property has a clean environmental verification. This is a VERY busy corner with a redlight. The traffic and visibility are great. In 2018, the business generated a net income of over $100,000. The potential for more income is readily available.

Financials

  • Finance Data Year 2018
  • Potential Rental Income $295,293
  • Net Operating Income $115,495
  • Actual or Proforma Year Actual

Additional Details

  • Tax ID/APN 491009116019000101

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