3822 Adj N Broadway Ave Muncie, IN 47303

Property Details for 3822 Adj N Broadway Ave

Property type

Parking lots & garages

APN

18-07-34-431-015.000-003

APU

180734431015000003

Description

This exceptional commercial investment opportunity in Muncie, Indiana, presents a unique blend of commercial and residential income streams. The property encompasses three buildings situated on four lots, boasting an impressive 216 feet of frontage on the highly visible Broadway Avenue. The main commercial building, totaling 3400 square feet, offers versatile workspace and office areas, perfectly suited for a variety of business types. Its zoning designation as "variety business" allows for considerable flexibility in its future use. The convenient corner lot location ensures easy access and high visibility for potential tenants. The building features large overhead doors, ideal for loading and unloading, adding to its practical appeal. Complementing the commercial space are two additional buildings, each housing three residential apartments. These apartments are currently leased on a month-to-month basis, providing a consistent stream of rental income. The entire property sits on a sizable 0.6-acre lot, offering ample space and potential for future expansion or development. This property presents a rare opportunity to acquire a well-positioned, multi-faceted investment in a thriving area. The combination of commercial and residential income streams offers significant potential for long-term growth and return on investment. The strategic location and versatile space make this an attractive proposition for savvy investors seeking a diversified portfolio. The asking price is $199,000.