Street-Front Retail
1704 S Scatterfield Rd Anderson, IN 46016
1704 S Scatterfield Rd, Anderson, IN, 46016
Contact for pricing
For Sale
Contact for pricing
For-sale street-front retail shops, previously a KFC, with seller financing available.
Property Size2,276 SF
Price / SF$109.84
Days on Market748
Property Features for 1704 S Scatterfield Rd
General Information
- Standard status
- Active
- Size
- 2,276 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1987
Listing agency
MYL Realty, LLC
(317) 652-9508
Listed by
Mabel Yang Liu · License #RB14045923
Source
Crexi
Added: Jul 6, 2024 Updated: Jul 22 at 2:11AM Checked: Jul 22 at 2:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MYL Realty, LLC
Investment Insights
Based on property information with market context.
The property consists of street-front retail shops that were previously operated as a KFC. It is offered for sale with seller financing available, providing an alternative path to purchase for qualified buyers.
The shops are located at 1704 S Scatterfield Rd in Anderson, Indiana.
The shops are located at 1704 S Scatterfield Rd in Anderson, Indiana.
Key Highlights
- Street‑front retail shops previously operated as a KFC
- Year built: 1987
- Seller financing available
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.1k | $15.00 |
| − Vacancy | −$3.4k | −$1.50 |
| EGI | $30.7k | $13.50 |
| − OpEx | −$9.2k | −$4.05 |
| NOI | $21.5k | $9.45 |
2,276 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$307.3K
$268.9K – $358.5K
NOI $21,508 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.6K
$459.0K – $612.0K
NOI $36,721 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - For-sale street-front retail shops, previously a KFC, with seller financing available.
Where is this storefront property located?
The property is located at 1704 S Scatterfield Rd Anderson, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Street‑front retail shops previously operated as a KFC; Year built: 1987; Seller financing available
