120 Frst Ave Brazil, IN 47834-2605

Property Details for 120 Frst Ave

Year built

1975

Construction

TYPE NOT SPECIFIED

Lot size

0.84 lot acres

Property size

34,192 SF

Property type

Grocery and convenience stores

APN

11-01-31-300-165.000-002

APU

110131300165000002

Description

This exceptional retail property, located at 120 S Forest Ave in Brazil, Indiana, presents a compelling investment opportunity. Situated on a prominent 2.7-acre lot along busy Highway 59 (Forest Ave), just off Highway 40, this property boasts high visibility and convenient access. The expansive 28,000 square foot building features 110 paved parking spaces, ensuring ample customer convenience. Currently, 8,000 square feet are leased through June 2026, providing immediate rental income. A significant portion of the property, 20,000 square feet, is occupied by a Save-a-lot grocery store, with the owner planning retirement. This presents a unique chance to acquire a well-established retail space with potential for future development or lease to new tenants. The property's strategic location, just south of a CVS Pharmacy, further enhances its appeal and ensures a steady flow of foot traffic. The asking price is $2,250,000. This is a rare opportunity to acquire a substantial retail property in a thriving Indiana community with strong potential for long-term growth and profitability. The property's size, location, and existing tenancy make it an ideal investment for experienced retail investors seeking a stable and potentially high-return asset. The 47834 zip code offers a strong demographic profile for retail success.

Location Insight

City

Brazil

County

Clay

State

Indiana

Longitude

-87.1242

Latitude

39.5228

CBSA code

45460

CBSA name

TERRE HAUTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments