Space Available for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30594941
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 12,084 SF
Gross Building Area: See Agent
Sale Price: $645,000
Unit Price: $53.38 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/15/2021

Overview / Comments

PROPERTY HIGHLIGHTS
Former “world’s largest” Ponderosa Restaurant fronting on US Highway 50 in Washington Indiana
Total building area is 12,084 SF which includes approximately 2,500 SF of commercial kitchen space and storage
All equipment remains in place making this a turn key deal for another restaurant or event center
Situated on a 2 acre, Commercially Zoned lot with a huge 165 car asphalt parking lot
Building is mostly wide open with large clear spans and is easily divisible
600 amp, 480 V, 3 phase electric service
Presently all furnishings remain on site / negotiable.
Property Taxes: $12,447.02 for 2019 pay 2020
Available Immediately for lease or sale. Landlord is willing to discuss demising the space into two or more units
$ 5.95 / SF NNN or $ 6, 000 / month base rent or property could be acquired for $ 645,000
Contact Jerry Lamb for a tour of this property

Additional Details

Nearest MSA: Washington
County: Daviess
Tax ID/APN: 14-13-03-304-002.000-016
Zoning: COMMERCIAL
Property Visibility: Excellent
Largest Nearby Street: Highway 50
Traffic/Vehicle Count: 11,804
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Total Parking Spaces: 165

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 943 13,276 15,931
Median Age: 40.83 38.52 39.06
Households: 360 5,244 6,283

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