1022 S Washington St Delphi, IN 46923
- Turn key restaurants
- 2,947 SF
- 0.71 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 1022 S Washington St
- Year built
- 1961
- Construction
- WOOD
- Lot size
- 0.71 lot acres
- Property size
- 2,947 SF
- Property type
- Turn key restaurants
- APN
- 08-06-29-036-003.000-007
- APU
- 80629036003000007
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $140,000
- 6.5%
- $135,000
- 7%
- $130,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $130,000
- Geo Method
- $125,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $110,000
- Retail
- $100,000
- Mixed-Use
- $100,000
- Hospitality
- $130,000
- Educational
- $130,000
- Residential Income
- $105,000
- Energy
- $120,000
- Income-Based Land
- $110,000
- Food Service
- $110,000
Location Insight
- Map
- Local Demand
- City
- Delphi
- County
- Carroll
- State
- Indiana
- Longitude
- -86.6672
- Latitude
- 40.5795
- CBSA code
- 29200
- CBSA name
- LAFAYETTE-WEST LAFAYETTE, IN METROPOLITAN STATISTICAL AREA