725 Broadway St New Haven, IN 46774

Property Details for 725 Broadway St

Year built

1960

Lot size

0.16 lot acres

Property size

8,450 SF

Property type

Commercial real estate

APN

02-13-12-303-010.000-041

Description

This exceptional commercial property, located at 725 Broadway Street in New Haven, Indiana, presents a compelling investment opportunity. The 8,450 square foot building, constructed in 1960 and situated on a 0.16-acre lot, boasts a desirable C-1 zoning (Professional Office and Personal Services). The property features a two-story structure with one building, offering a mix of office and retail space. Currently, the building houses five tenants, with the 4,450 square foot upper level fully leased as five individual rental units. The main floor comprises approximately 4,000 square feet of adaptable space. Recent upgrades include a new roof and updated mechanical systems. Ample parking is available with space for ten or more vehicles. The building's prominent location at the corner of Broadway Street and Park Avenue provides excellent visibility and accessibility, with nearby amenities including retail shops, medical facilities, restaurants, schools, and other professional offices. The asking price is $550,000, representing a price per unit of $48.52. This property offers a blend of income-generating rental units and flexible commercial space, making it an attractive investment for discerning buyers. The property's strong location and recent improvements position it for continued success.