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Property profile & analytics
FOR LEASE
Turn key restaurants

1022 S Washington St Delphi, IN 46923

2,947 SF 0.71 ac lot Built 1961
Individually Owned 3-yr Hold Free & Clear
Property ID
US31-0873748
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1961
Construction WOOD
Total area 2,947 SF
Lot 0.71 ac (30,928 SF)
APN 08-06-29-036-003.000-007
UPID US31-0873748
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jeffrey L Stankard · 3 yrs held
Jeffrey L Stankard
since 2022
Last sale
$130,000
3 recorded transactions
2022
$130,000
2014
Price N/A
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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