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    OFF-MARKET
    Auto shops

    120 Pennsylvania St, Greenfield, IN 46140-2477

    4,230 SF 0.26 ac lot Built 1971
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US31-1133535
    Property summary
    AI-generated overview

    This exceptional Greenfield, Indiana warehouse presents a compelling investment opportunity. Located at 120 S Pennsylvania St, this multi-tenant property boasts 4,230 square feet of space, ideal for retail or storage uses. Built in 1971, the building sits on a 0.26-acre lot and offers a strong net operating income (NOI) of $62,011, translating to an attractive 7.52% capitalization rate. The asking price is $825,000. Its prime location directly adjacent to The Depot Street Park provides excellent visibility and benefits from the park's numerous community events, including street festivals, concerts, and family movie nights. This high-traffic area ensures strong potential for tenant occupancy and future growth. The property's strategic position also presents exciting redevelopment possibilities for those seeking to capitalize on Greenfield's downtown revitalization. This is a rare chance to acquire a well-performing income-producing asset with significant upside potential in a thriving Indiana community. The property is zoned for industrial use.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1971
    Construction TYPE NOT SPECIFIED
    Total area 4,230 SF
    Lot 0.26 ac (11,424 SF)
    APN 30-11-05-103-006.002-009
    UPID US31-1133535
    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
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    Owner & transaction history
    DONALD D COTTEY
    DONALD D COTTEY
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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