1661 Nebo Rd Yorktown, IN 47396-9593

Property Details for 1661 Nebo Rd

Year built

1996

Construction

WOOD

Lot size

0.73 lot acres

Property size

6,000 SF

Property type

Commercial real estate

APN

18-10-14-476-023.000-017

APU

181014476023000017

Description

This exceptional investment opportunity presents a 6,000-square-foot flex warehouse building situated on a 0.72-acre lot in Yorktown, Indiana. Constructed in 1996, the property comprises a single building housing five rentable units, currently leased on a month-to-month basis to multiple tenants. One unit is notably larger, featuring a restroom, office space, and heating. All units boast 12x12 overhead doors, providing convenient access for various uses. The asking price is $299,000, translating to $49.83 per square foot and $59,800 per unit. The building boasts a 14-foot ceiling height, offering ample vertical space. Current monthly rents range from $340 to $440, presenting potential for increased revenue given current market rates. A significant advantage is the inclusion of an undeveloped lot with Nebo Road frontage, offering expansion or development possibilities. The property's address is 1661 S Nebo Rd, Yorktown, IN 47396, and its APN is 18-10-14-476-022.000-017. This property is ideal for investors seeking strong cash flow and future appreciation potential, or for owner-occupants looking to establish their business in a prime location. The property's multi-tenant setup provides diversification and built-in income. The combination of existing income and development potential makes this a compelling investment opportunity in the thriving Yorktown area.