Light-Industrial Building Adjacent Highway

Industrial for Sale
Catylist Listing ID: 30802507
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Net Leased, Office Showroom, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 23,000 SF
Gross Land Area: 4 Acres
Sale Price: $799,900
Unit Price: $34.78 PSF
Docks/Doors: 6 Doors
Drive In Bays: 1 Bay
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 23,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/17/2022

Overview / Comments

+/- 23,000 SF building, currently used as a church, could be an ideal use for a light-industrial company or other large groups needing gathering space. Building is directly off of HWY-37 in Bedford. Building used to host a car shop with a display floor. Space features a divided warehouse, 20' ceilings each with a 16' overhead door. A large open area, currently the sanctuary, would be ideal for a showroom floor. Admin offices with a private entrance also are on the main level along with a large glass entry way with appealing decorative features.

Additional Details

Nearest MSA: Bedford
County: Lawrence
Tax ID/APN: 47-06-27-300-043.000-010
Zoning: L-1
Property Located Between: Bloomington & Bedford
Highway Access: HWY-37
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 1988
Roof Type: Gable
Construction/Siding: Wood Siding
Parking Type: Surface
Parking Description: Private, paved lot
Total Parking Spaces: 100
Column Spacing: NA
Overhead Cranes: Undisclosed
Sprinklers: None
Amps: 440
X-Phase: 3
Heat Type: Electricity, Natural Gas
Heat Source: Central, Radiant, Other
Air Conditioning: Engineered System
Lighting: LED, Fluorescent
Zoning Description: L-1 (Light Industrial)
Water Service: Municipal
Sewer Type: Other
Legal Description: SEC 27 TWP 5 R1W 4A PT SW

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,836 15,809 22,672
Median Age: 45.44 41.23 41.63
Households: 1,697 6,725 9,525

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