245 Erie St Huntington, IN 46750-2949
This exceptional industrial property, located at 245 Erie St, Huntington, IN 46750, presents a compelling investment opportunity for owner-users or investors. The 53,154 square foot building, situated on a 2.77-acre lot, features 50,654 square feet of warehouse space and 2,500 square feet of dedicated office space. Built in 1949 and renovated in 1996, the Class B building boasts a 16-foot ceiling height and is zoned I-2. The property includes an enclosed dock, a sprinkler system, ample surface parking, and outdoor storage, enhancing operational efficiency and security. Its prime corner location provides excellent visibility and accessibility, further complemented by over 1,000 feet of combined road frontage. The property is currently vacant, with an occupancy date of March 11, 2024. The asking price is $475,000 ($8.94/SF). Conveniently located minutes from US-24, US-224, and I-69, this property offers significant potential for various industrial uses. The property's APN is 35-05-14-200-343.700-005 35-05-14-200-343.600-005 35-05-14-200-343.800-005. The building has one elevator and 300 amp, 3-phase power. A privacy fence enhances security.
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
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Property description
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Risks
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