Property profile

2406 Wayne St Angola, IN 46703

OFF-MARKET
Restaurants
4,990 SF
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Property summary

AI-generated overview

This exceptional 4,990 square foot restaurant space in Angola, Indiana, presents a unique lease opportunity. Currently configured as a fully furnished and equipped restaurant, the property is easily divisible to accommodate various tenants, ranging from 1,200 to 4,990 square feet. Located on a highly visible corner with stoplight access and pylon signage, this property benefits from excellent street visibility and high traffic counts. The C-1 zoning allows for a variety of uses, including retail, office, and medical spaces. The 1.3-acre lot provides ample parking with 75 spaces. The building features single-phase power. Angola's thriving community, boosted by Trine University's 5,000+ students and a summer population surge to approximately 150,000, creates a strong market for this versatile property. The property's APN is 76-06-14-000-030.060-012, and it's situated in Steuben County. All furniture, fixtures, and equipment are included in the lease, making this a truly turnkey operation. The lease rate is $20 per square foot, Triple Net. This prime location offers unparalleled potential for a variety of businesses seeking a high-visibility presence in a vibrant community.

Property profile

Verified
Property type Restaurants
Total area 4,990 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2406 Wayne St Angola, IN 46703
Angola metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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