1737 In-57 Washington, IN 47501
Southside Plaza presents a unique investment opportunity in Washington, Indiana. This newly constructed (2023), single-story, 7,200 square foot shopping center is situated on a one-acre lot at 1737 IN-57, offering excellent visibility and accessibility. The property boasts 43 parking spaces, catering to ample customer convenience. Zoned C-4 Commercial Road Side Business, this location benefits from high traffic counts due to its proximity to Walmart and major thoroughfares including Highway 57, Highway 50 Bypass, and Interstate 69. The building is currently vacant, with an occupancy date of October 7, 2024, providing immediate potential for lease income generation. The property's modern construction and strategic location make it an ideal investment for a variety of retail businesses. The asking price is $1,600,000. The APN is 14-13-03-300-005.004-016. This is a rare chance to acquire a high-quality, strategically located retail property in a growing market. All 7,200 square feet are available for lease. Don't miss this opportunity to secure a prime retail space in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.