1510 Braewick DrMarion, IN 46952

Property Details for 1510 Braewick Dr

Year built

1993

Construction

TYPE NOT SPECIFIED

Lot size

2.05 AC

Property size (Sq ft)

6,705 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

27-03-36-404-001.000-023

APU

270336404001000023

Description

This exceptional 6,705-square-foot freestanding retail or restaurant building presents a unique investment opportunity in Marion, Indiana's vibrant Five Points Mall submarket. Situated on a generous 2.05-acre lot at 1510 W Braewick Drive, this single-tenant property boasts ample parking with 266 spaces. Built in 1993, the building is classified as Class C and features a single story design. The entire 6,705 square feet is currently vacant, offering immediate occupancy for a discerning buyer. The property's zoning is designated as GB, providing flexibility for a variety of commercial uses. Its convenient location within the bustling Five Points Mall area ensures high visibility and accessibility for customers. The property's address is 1510 W Braewick Drive, Marion, IN 46952, and its location is further identified by APN 27-03-36-404-001.000-023 in Grant County. This is a rare chance to acquire a substantial, well-located commercial property with significant potential for growth and return on investment. The expansive lot size offers ample room for expansion or outdoor amenities, enhancing the property's appeal and functionality. Don't miss this opportunity to secure a prime location in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,770,577

  6.5%

  $1,634,379

  7%

  $1,517,637

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,472,623

  Geo Method

  $2,098,389

• Alternative Use

  Use

  Valuation

  Residential

  $1,378,660

  Hospitality

  $1,262,845

  Educational

  $1,050,672

  Medical

  $1,086,806

  Retail

  $1,634,379

Location Insight

City

Marion

County

Grant

State

Indiana

Latitude

40.571

Longitude

-85.6778

CBSA code

31980

CBSA name

MARION, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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