634 Virginia Avenue

634 Virginia Avenue, Indianapolis, Indiana 46203

  • Property Subtypes Street Retail
  • Building Size (RSF) 5,800 SF
  • Gross Building Area 5,800 SF
  • Building Status Existing
  • Sale Price $1,099,000.00 Total
  • Unit Price $189.48 per SF
  • Property Use Type BusinessInvestment
  • Class of Space N/A
  • Total Land Size 0.09 Acres
  • Sale Terms Purchase Money MortgageCash to Seller
  • Cap Rate Undisclosed
  • Last Updated 3/23/2020
  • Days on Market 184 Days
  • Status active

Overview / Comments

Located on the corner of College Avenue and Virginia Avenue Property Description WOW!! What a gorgeous historic building located directly on popular Virginia Avenue in Fletcher Place! This purchase includes the real estate as well as the existing, profitable restaurant (furniture, fixtures, equipment, 3-way 210 liquor license, an existing lease on the additional space in the building and 2 apartments. The building was completely rehabbed in 2013 including ALL NEW 3 phase electrical, plumbing, floors, walls, HVAC, new bathrooms, new concrete basement, new water supply, etc. This 1924 building was the previous location of Virginia Avenue State Bank and is a part of the Fletcher Place Historic District. This is your chance to own a beautiful historic building in a great location at a red light.

Financials

  • Finance Data Year 2018
  • Real Estate Taxes - Annual($) 14,922
  • Potential Rental Income $80,004
  • Net Operating Income $61,082
  • Actual or Proforma Year Actual

Additional Details

  • Tax ID/APN 491112236079000101
  • Zoning C-5
  • Total Number of Buildings 1
  • Year Built 1920
  • Year Renovated 2013

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