1401 Washington St Kokomo, IN 46901
- Grocery and convenience stores
- 35,968 SF
- 3.23 lot acres
Current Use by Public Records
- Family Dollar / Dollar Store / Clothing Store
Property Details for 1401 Washington St
- Year built
- 1970
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 3.23 lot acres
- Property size
- 35,968 SF
- Property type
- Grocery and convenience stores
- APN
- 34-03-25-251-037.000-002
- APU
- 340325251037000002
Description
This exceptional 5,897 square foot single-tenant office space is ideally situated on North Washington Street in Howard County, offering unparalleled access to downtown amenities, thriving shopping districts, and a densely populated residential area. The property's retail/office classification provides versatility for a range of businesses. The building features a clear-span layout, maximizing usable space and providing excellent visibility for tenants. Three convenient access doors ensure efficient operations. Ample shared parking is available for employees and clients, addressing a key concern for businesses in high-traffic areas. The building shares space with established retailers, Dollar Tree and Family Dollar, further enhancing the location's appeal and foot traffic. This property presents a unique opportunity for businesses seeking a prominent location with excellent accessibility and ample space to grow. The traditional office layout is complemented by creative office features, making it suitable for a variety of business models. The single-tenant occupancy ensures exclusive use and control of the space. This is a rare opportunity to secure a high-profile location in a vibrant and rapidly developing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $545,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $575,000
- 6.5%
- $695,000
- 7%
- $610,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $570,000
- Geo Method
- $615,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $580,000
- Retail
- $760,000
- Mixed-Use
- $680,000
- Hospitality
- $755,000
- Educational
- $640,000
- Residential Income
- $570,000
- Energy
- $670,000
- Income-Based Land
- $715,000
- Food Service
- $705,000
Location Insight
- Map
- Local Demand
- City
- Kokomo
- County
- Howard
- State
- Indiana
- Longitude
- -86.1346
- Latitude
- 40.4991
- CBSA code
- 29020
- CBSA name
- KOKOMO, IN METROPOLITAN STATISTICAL AREA