1674 Smith Vly Rd Greenwood, IN 46142-1550

Property Details for 1674 Smith Vly Rd

Year built

2000

Construction

WOOD

Lot size

0.33 lot acres

Property size

2,516 SF

Property type

Office Properties & Spaces

APN

41-03-36-033-022.000-041

APU

410336033022000041

Description

This Greenwood, Indiana mixed-use property presents a compelling investment opportunity. The 4,200 square foot building, constructed in 2000, boasts a desirable C-1 zoning and is situated at 1674 W Smith Valley Rd, conveniently located off Smith Valley Road, north of MedC. Currently operating at 100% occupancy, the property features two units: a daycare/nursery and traditional office space. The single tenant, a local business with a proven track record, has occupied the space for seven years and is under a net lease with 2.9 years remaining (expiring 09/30/2027). The building includes seven offices, a conference room, a file room, two restrooms, and a finished basement. Additional features include a 300 square foot garage on the main floor and ample parking with 15 spaces. The property's strong financials are highlighted by an asking price of $635,000, a price per square foot of $151.19, and an attractive 8.00% cap rate. This two-story Class B building offers a stable income stream and significant potential for long-term growth. The tenant's history of stability and the property's prime location make this an exceptional investment opportunity.