For Sale
$490,000

909 Belvedere DrKokomo, IN 46901

Prime Kokomo Restaurant, Vacant, 4,927 SF

Overview

Added:
Dec 11, 2024
Days on market:
118
This vacant restaurant building presents a unique investment opportunity in Kokomo, Indiana. Located at 909 Belvedere Drive, this 4,927 square foot property sits on a 0.36-acre lot and offers significant potential for a new culinary venture. Built in 1970, the single-story building features a newly painted exterior and a recently installed metal roof, minimizing immediate maintenance needs. The property boasts its own dedicated parking lot, a significant advantage in a high-traffic area. Its strategic location near Markland Mall, as well as popular national chains like Walmart, Meijer, Raising Cane's, Popeye's, McDonald's, Sonic, and Chipotle, ensures high visibility and convenient access for potential customers. The asking price is $490,000, translating to $99.45 per square foot. This is a Net Net Net (NNN) lease opportunity, meaning the tenant is responsible for property taxes, insurance, and maintenance. The property is currently vacant, providing immediate occupancy for the new owner. This is an exceptional chance to establish a thriving restaurant business in a bustling commercial area. The single-unit building offers a straightforward layout, ready for customization to suit a variety of restaurant concepts. The property's size and location make it an ideal investment for both established restaurant operators and aspiring entrepreneurs.

Highlights

  • $490,000 asking price for this vacant restaurant.
  • 4,927 square foot retail building.
  • Located in Kokomo, Indiana, at 909 Belvedere Dr, 46901.
  • NNN lease type.
  • $99.45 per square foot.
  • Situated on a 0.36-acre lot.

Property Details for 909 Belvedere Dr

Property type
Retail properties, Restaurants
Square Feet
4,927 SF
Year Built
1970
Buildings
1
Stories
1
Lot Size (sq. ft)
15,682 SF
Units
1

Location Insight

City
Kokomo
County
Howard
State
Indiana
Latitude
40.4775291
Longitude
-86.1067593
909 Belvedere Dr, Kokomo, Indiana

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909 Belvedere Dr
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