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Property profile & analytics
FOR SALE
Retail space

620 E Washington St Winchester, IN 47394

6,544 SF 0.75 ac lot Built 1972
Individually Owned 13-yr Hold ~ Est. High Equity
Property ID
US31-1081125
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1972
Construction WOOD
Total area 6,544 SF
Lot 0.75 ac (32,670 SF)
APN 68-09-21-259-117.000-021
UPID US31-1081125
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Brian Turner · 13 yrs held
Brian Turner
since 2013
2 recorded transactions
2016
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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