811 Center

Shopping Center for Sale
Catylist Listing ID: 30709572
Property Subtypes: Strip Center
Building Size (RSF): 14,670 SF
Gross Land Area: 0.99 Acres
Sale Price: $750,000
Unit Price: $51.12 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/22/2021

Overview / Comments

Strip center in high traffic location on West McGalliard Road next to Chili's. Tenants include Domino's, Staffmark, Edward Jones, Just for Kids Yoga and Kingdom Shifters Christian Empowerment Center. There are currently 2 vacancies of 1,800 and 2,400 SF.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $20,521 (Annual)
Potential Rental Income $158,776 (Annual)
Net Operating Income $85,825 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Muncie
County: Delaware
Tax ID/APN: 18-11-04-251-023.000-003
Zoning: VARIETY BUSINESS
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 14,670 SF
Property Condition: Good
Year Built: 1983
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: 69 parking spaces. Parking lot was completely resurfaced in 2015 and sealed and striped in 2019.
Total Parking Spaces: 69
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 102.7
Water Service: Municipal
Sewer Type: Municipal, Storm
Legal Description: PT FRAC NEQRT 0.9900Acres STR: 042010 IN: OUT:

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,781 64,792 89,929
Median Age: 32.4 33.86 36.06
Households: 5,451 25,199 35,583

Contact

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