620 E Washington St Winchester, IN 47394
For Sale
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This exceptional investment opportunity presents a 7,400 square foot multi-tenant retail building situated at 620-640 E Washington Street in Winchester, Indiana, 47394. The property, built in 1972 and zoned C2, boasts a prime location on the heavily trafficked ST RD 32, ensuring high visibility and accessibility. Currently, a long-term lease is in place with Pizza King, occupying 3,100 square feet. The remaining 4,300 square feet offers significant potential for development, allowing for "build-to-suit" options to accommodate various needs, including additional retail space, offices, or light manufacturing. The building features numerous updates, attractive display windows, ample paved parking, and four overhead doors for convenient access. This property represents a compelling investment prospect due to its strategic location, existing tenancy, and flexible development possibilities. The asking price is $999,000. This is a rare chance to acquire a well-maintained commercial property in a thriving Indiana community.
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
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.