Two-Tenant NNN
For Sale
$1,360,000
508 E Southway Boulevard, Kokomo, IN 46902
COMMERCIAL/INDUSTRIAL, Kokomo, IN
Property SizeContact for details
Lot Size0.87 Acres
Days on Market536
Property Features for 508 E Southway Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning
C-2
Security features
Security System
Interior features
Security System, Carpeting, Restroom(s), 220 Volts, Handicap Access
Accessibility
Accessible Approach with Ramp
Subdivision
Kokomo
Standard status
Active
APN
34-10-18-101-034.000-002
Lot size
0.87 Acres
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Listing Agency:
REMAX R.E.A. · RE/MAX International
(812) 235-4433
Listed By:
Dave Cash · License #RB14017104
(812) 243-0930
Added: Mar 11, 2025
Changed: Aug 19
Last Checked: Aug 28 at 7:06AM
MLS# 105764
Copyright © 2026 Terre Haute Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-tenant commercial property in Kokomo, Indiana, offers a 0.87-acre site with established occupancy and a NNN lease structure. The building has served as a physical therapy location and has also accommodated a multi-location restaurant operation. Interior features include restrooms, carpeting, a security system, 220-volt service, and handicap access. Natural gas heating and central air conditioning support the building, while an accessible approach with ramp improves entry.
The property is positioned on Southway Boulevard in the 46902 postal area. C-2 zoning and the existing two-tenant configuration provide a defined commercial setting. The reported capitalization rate is 7.8%, and the property is identified as a for-sale NNN asset.
The property is positioned on Southway Boulevard in the 46902 postal area. C-2 zoning and the existing two-tenant configuration provide a defined commercial setting. The reported capitalization rate is 7.8%, and the property is identified as a for-sale NNN asset.
Key Highlights
- Two‑tenant commercial building on a 0.87‑acre site
- C‑2 zoning in Kokomo, IN 46902
- Reported 7.8% Cap Rate
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
Explore this area
Business Placement
Demographics for 46902, IN
36,038
Population
18,004
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
50.7 sq mi
ZIP Area
711
Density / Sq Mi
$59,548
Median Household Income
$36,902
Median Earnings
$929
Median Rent
$154,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - C-2-zoned commercial building with established physical therapy and restaurant occupancy along Southway Boulevard.
Where is this nnn property located?
The property is located at 508 E Southway Boulevard Kokomo, IN.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: Two‑tenant commercial building on a 0.87‑acre site; C‑2 zoning in Kokomo, IN 46902; Reported 7.8% Cap Rate
