2981 Webster StKokomo, IN 46902

This exceptional investment opportunity presents a well-maintained, single-story, 8,064 square foot office building situated on a 0.93-acre lot in Kokomo, Indiana. Built in 2004, the Class B property boasts four units and is currently owner-occupied, featuring credit tenants. The building is zoned for business use and offers ample private parking. The asking price is $1,450,000, representing a compelling price per square foot of $179.81 and a strong 5.50% capitalization rate, with a Net Operating Income (NOI) of $79,800. The property is conveniently located on 2981 S. Webster St., near the main post office, restaurants, a hospital, and retail establishments. With 8,064 square feet of air rights, this property presents significant potential for future expansion or redevelopment. This is an ideal owner-user opportunity with the added benefit of existing rental income. The property's strong location and financial performance make it a highly attractive investment.