1731-1739 Central Avenue

Retail-Commercial for Sale
Catylist Listing ID: 30682068
Property Subtypes: Street Retail
Building Size (RSF): 4,132 SF
Gross Land Area: 0.28 Acres
Sale Price: $259,900
Unit Price: $62.90 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/18/2021

Overview / Comments

Now available for sale is 1731-1739 Central Avenue in Columbus, Indiana. The property consists of two buildings with four rental suites. The front building is approximately 1,880 sq.ft. with two retail suites. The back building is approximately 1,860 sq.ft. with two apartment suites. All suites are fully rented. The current asking price reflects an 10.35% cap rate.
This is a prime location with visibility on one of the major thoroughfares through Columbus. The traffic count here is approximately 15,000 daily. This is a good opportunity to purchase a multi-tenant investment property in an excellent location centered in the heart of Columbus.

Additional Details

Nearest MSA: Columbus
County: Bartholomew
Tax ID/APN: 03-96-18-430-013.100-005
Zoning: CC
Property Visibility: Excellent
Traffic/Vehicle Count: 8,500
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Year Built: 1908
Year Renovated: 2017
Total Parking Spaces: 20
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,934 37,539 52,793
Median Age: 36.26 38.74 37.9
Households: 4,631 15,353 20,930

Contact

Photograph of Listing Agent

Tara James (Board), CCIM

Breeden Commercial ICREX Member
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