300 Southway Blvd Kokomo, IN 46902-3678
- Retail space
- 10,488 SF
- 1.63 lot acres
Current Use by Public Records
- Herbst Pharmacy / Pharmacy / Drug Store
- Tag-Team Collectibles / Collectibles Store
- Herbst Pharmacy - Southway / Pharmacy
Property Details for 300 Southway Blvd
- Year built
- 1979
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.63 lot acres
- Property size
- 10,488 SF
- Property type
- Retail space
- APN
- 34-09-13-228-017.000-006
- APU
- 340913228017000006
Description
This exceptional 10,567 square foot single-tenant office building, located at 300 E Southway Blvd in Kokomo, Indiana, presents a unique investment opportunity. Originally a bank, this property underwent a complete renovation in 2022, transforming it into a modern and efficient office space. The building, constructed in 1979, sits on a spacious 1.62-acre lot and features a single story with 9-foot ceilings. The property boasts 46 parking spaces for ample tenant and visitor convenience. The layout includes several adaptable spaces, each approximately 1380 square feet, created from former drive-thru bays. Additionally, there's a larger 5,047 square foot area available, offering flexibility for various business needs. These spaces can be leased individually or combined to accommodate larger tenants. All spaces are currently finished with white box interiors, ready for immediate occupancy. The building offers high visibility from its prominent location, making it ideal for businesses seeking strong brand exposure. There are no loading docks or elevators in the building. This property is a rare find in Kokomo, offering a blend of modern amenities and a convenient location. The property's size and layout provide significant potential for a variety of businesses. The ample parking and high visibility make this an attractive option for businesses seeking a strong presence in the Kokomo market. The zip code is 46902.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $345,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $370,000
- 6.5%
- $400,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $375,000
- Retail
- $295,000
- Mixed-Use
- $340,000
- Hospitality
- $310,000
- Educational
- $325,000
- Residential Income
- $315,000
- Energy
- $350,000
- Income-Based Land
- $300,000
- Food Service
- $295,000
Location Insight
- Map
- Local Demand
- City
- Kokomo
- County
- Howard
- State
- Indiana
- Longitude
- -86.1285
- Latitude
- 40.4445
- CBSA code
- 29020
- CBSA name
- KOKOMO, IN METROPOLITAN STATISTICAL AREA