Office Building

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30721040
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 6,612 SF
Gross Land Area: 0.97 Acres
Sale Price: $799,000
Unit Price: $120.84 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/12/2021

Overview / Comments

Freestanding office building in excellent condition and in a high traffic location. Currently being used as administrative offices for a financial services institution.
Building consists of 6,612 square feet of finished office space plus an additional 720 square feet of attached, finished, heated area with 2 drive-through/bays with openers currently used as storage.

Building offers large reception with conference room and restroom, multiple offices, restrooms and conference/training rooms, all with Class A finishes.

Property consists of 2 lots (paved and concrete), large pylon sign, multiple entrances and billboard income of $2500/yr. Possession is negotiable.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $21,020 (Annual)
Tax Value Land $233,900
Tax Value Improvements $404,900
Assessed Value - Total($) $638,800 (Annual)

Additional Details

Nearest MSA: Muncie
County: Delaware
Tax ID/APN: 18-11-06-276-008.000-003
Zoning: VARIETY BUSINESS
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,612 SF
Year Built: 1993
Year Renovated: 2014
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: Striped parking along 3 sides of building, concrete and asphalt.
Total Parking Spaces: 60
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Legal Description: PT FRAC NE QTR 0.6300Acres STR: 062010 IN: OUT:

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,659 66,117 89,027
Median Age: 32.54 34.8 35.91
Households: 4,542 25,603 35,242

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