Catylist ID:
#30835046
| Catylist Listing ID: | 30835046 |
| Property Subtypes: | Executive Suites, Governmental, Institutional, Mixed Use, Office Building |
| Building Size (RSF): | 40,752 SF |
| Gross Land Area: | 0.65 Acres |
| Sale Price: | $979,900 |
| Unit Price: | $24.05 PSF |
| Ceiling: | 10.6 ft. |
| In Opportunity Zone? | Yes |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Class of Space: | Class B |
| Usable Size (USF): | 40,752 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 10/2/2023 |
Overview / Comments
|
Located on a 1/2 city block on the corners of Main and 8th Streets in the heart of Richmond, IN's actively revitalizing downtown Perfect logistics for a multi-family redevelopment project with street-level retail frontage Minutes from the major expressway interchanges of I-70/US 35 and US 40 Minutes from Indiana University East, Ivy Tech, and Earlham College Located in prime Opportunity Zone Bicycle-friendly community with beautiful greenways Beautiful, well-kept building with recent improvements; also, recent home to Chase Bank. The subject building is 6-story and 2-story and has great curb appeal taking up 1/2 city block with hard corners providing over 500 feet of street frontage. The property is located in an "Opportunity Zone" and the city wants to help capture optimal funds for the perfect project. A report on the housing shortage shows the immediate need for workforce, residential, and student housing needs. This formidable building could de?nitely be converted into a multifamily/retail anchor for downtown! |
Attachments & Media
Additional Details
| Nearest MSA: | Richmond |
| County: | Wayne |
| Tax ID/APN: | 891632440505000030 |
| Zoning: | C-4 |
| Property Visibility: | Good |
| Highway Access: | I-70/US 35 and US 40 |
| Total Number of Buildings: | 2 |
| Number of Stories: | 6 |
| Year Built: | 1924 |
| Year Renovated: | 2007 |
| Parking Type: | Surface, Other |
| Parking Description: | Street Parking Only |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 17,317 | 36,504 | 48,649 |
| Median Age: | 34.07 | 39.2 | 40.27 |
| Households: | 7,084 | 14,719 | 19,821 |
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