2916 Reed RdKokomo, IN 46902

Property Details for 2916 Reed Rd

Year built

1996

Construction

WOOD

Lot size

1.67 AC

Property size (Sq ft)

3,134 SF

Property type

Office properties

Property subtype

Office buildings

APN

34-10-07-426-025.000-002

APU

341007426025000002

Description

This exceptional retail property, located at 2916 S Reed Rd in Kokomo, Indiana, presents a fantastic opportunity for a single-tenant business. The building boasts a total of 1,706 square feet of space, currently entirely vacant and ready for immediate occupancy. Its convenient location in Kokomo, zip code 46902, offers excellent visibility and accessibility for customers. The property is zoned C2, providing flexibility for a variety of commercial uses. The building's single-tenant configuration ensures exclusive use and control of the entire space, eliminating the complexities of multi-tenant management. This is an ideal space for a business seeking a standalone location with ample room for operations and growth. The property's size and zoning make it suitable for a range of retail businesses, offering a blank canvas for a new venture or a relocation opportunity for an established company. With its prime location and readily available space, this property represents a compelling investment opportunity in a thriving Kokomo market. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is situated at latitude 40.4527663 and longitude -86.1136868.

• CAP approach

  CAP return

  Valuation

  6%

  $563,209

  6.5%

  $519,885

  7%

  $482,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $389,211

  Geo Method

  $389,211

• Alternative Use

  Use

  Valuation

  Residential

  $644,657

  Hospitality

  $590,503

  Educational

  $491,291

  Medical

  $508,188

  Retail

  $764,231

Location Insight

City

Kokomo

County

Howard

State

Indiana

Latitude

40.453

Longitude

-86.1128

CBSA code

29020

CBSA name

KOKOMO, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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