2981 Webster St Kokomo, IN 46902
- Office Properties & Spaces
- 8,064 SF
- 0.93 lot acres
Current Use by Public Records
- Brian Cossell - State Farm Insurance Agent / Auto Insurance Agency / Home Insurance Agency
- Argus Complex / Insurance Agency / Construction Company
Property Details for 2981 Webster St
- Year built
- 2004
- Lot size
- 0.93 lot acres
- Property size
- 8,064 SF
- Property type
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kokomo
- County
- Howard
- State
- Indiana
- Longitude
- -86.1371
- Latitude
- 40.4523
