1022 S Washington St Delphi, IN 46923
For Lease
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This exceptional restaurant opportunity in Delphi, Indiana, presents a 2,947-square-foot building situated on a generous 7.1-acre lot. Built in 1961, the single-story structure is zoned B-2 Local Business, offering significant potential for a variety of culinary ventures. The property boasts numerous recent updates, including upgraded electrical and plumbing systems, and modernized bathrooms, minimizing upfront capital expenditures for the new tenant. The owner is committed to a long-term lease and is willing to customize the build-out to meet the specific needs of the prospective tenant. This prime location on South Washington Street offers excellent visibility and accessibility, being conveniently situated near schools, other businesses, and residential areas, ensuring a strong customer base. The property's size and location make it an ideal choice for an established restaurant looking to expand or a new concept seeking a strong foundation for growth. The ample land provides opportunities for outdoor seating or expansion, further enhancing its appeal. This is a rare chance to acquire a well-maintained, adaptable restaurant space in a thriving community. The single-tenant occupancy ensures exclusive use and control of the premises.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.