2300 N Dr Martin Luther King Jr Blvd, Muncie, IN 47303
For Sale
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This exceptional retail property, located at 2300 N Dr Martin Luther King Jr Blvd in Muncie, Indiana, presents a compelling investment opportunity. The single-story, 11,445 square foot building sits on a generous 2.05-acre lot and was constructed in 1968. Currently configured as a single-tenant space, previously used as an auto dealership, the property boasts recently completed renovations. These upgrades include a showroom floor, bathrooms, and offices, all featuring new epoxy and/or laminate flooring. The service area has been enhanced with new LED lighting, and the landscaping has been refreshed. The property's asking price is $549,900, translating to a price per square foot of $48.05. The property's address is 2300 N Dr Martin Luther King Jr Blvd, Muncie, IN 47303, and its APN is 18-11-03-410-003.000-003. This prime location in Delaware County offers excellent visibility and accessibility, making it an ideal space for a variety of retail uses. The property's size and recent renovations make it a turn-key solution for a discerning buyer seeking a well-maintained and updated retail space. The single-tenant occupancy provides stability and ease of management. This is a rare opportunity to acquire a substantial retail property in a desirable location at an attractive price point.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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