2981 Webster St Kokomo, IN 46902
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High-yield office complex, 8,064 SF, 5.5% cap rate.
Property size:
8,064 SFProperty Features for 2981 Webster St
General Information
- Property type
- Office Properties & Spaces
- Square Feet
- 8,064 SF
- Class
- B
- Lot Size
- 40,511 SF
Building Details
- Year Built
- 2004
- Buildings
- 1
- Stories
- 1
- Units
- 4
Listing Agency: Harrold-Chandler Real Estate LLC Listing Agent: Tom Harrold
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a well-maintained, single-story, 8,064 square foot office building situated on a 0.93-acre lot in Kokomo, Indiana. Built in 2004, the Class B property boasts four units and is currently owner-occupied, featuring credit tenants. The building is zoned for business use and offers ample private parking. The asking price is $1,450,000, representing a compelling price per square foot of $179.81 and a strong 5.50% capitalization rate, with a Net Operating Income (NOI) of $79,800. The property is conveniently located on 2981 S. Webster St., near the main post office, restaurants, a hospital, and retail establishments. With 8,064 square feet of air rights, this property presents significant potential for future expansion or redevelopment. This is an ideal owner-user opportunity with the added benefit of existing rental income. The property's strong location and financial performance make it a highly attractive investment.
Property Profile
Location Intelligence
Current Use by Public Records
Brian Cossell - State ...
Insurance Agency
Argus Complex
Construction Company
Location Insight
- Map
- Local Demand
- City
- Kokomo
- County
- Howard
- State
- Indiana
- Longitude
- -86.1370576
- Latitude
- 40.4522913
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FAQs
What type of property is this?
Office Property / Space - High-yield office complex, 8,064 SF, 5.5% cap rate.
Where is this office property / space located?
The property is located at 2981 Webster St Kokomo, IN.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: $1,450,000 asking price for this 8,064 SF office building.; Located at 2981 S Webster St, Kokomo, IN 46902.; Class B, single-story building built in 2004, with 4 units.