For Sale
$335,000
533 Line StColumbia City, IN 46725
High-yield auto shop, prime location.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 125
Highlights
- 2,372 SF Class B auto shop/used car dealership on 1.02-acre lot in Columbia City, IN.
- 100% occupied by Superior Auto under a modified lease with corporate guarantee; lease expires 8/31/2026 with options.
- Strong 10.41% cap rate and $34,874 NOI.
- High-visibility location on N Line St, near US 30, with 10 parking spaces and significant traffic counts.
- GB zoning allows for various uses, including restaurants with drive-throughs and retail.
Property Details for 533 Line St
- Property type
- Retail properties, Auto shops
- Square Feet
- 2,372 SF
- Class
- B
- Year Built
- 1922
- Buildings
- 1
- Lot Size (sq. ft)
- 44,431 SF
- Units
- 1
Location Insight
- City
- Columbia City
- County
- Whitley
- State
- Indiana
- Latitude
- 41.1672332
- Longitude
- -85.4921784
533 Line St, Columbia City, Indiana
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield auto shop, prime location.
- Where is the retail property located?
- The property is located at 533 Line St Columbia City, IN.
- What is the asking price?
- The asking price for this property is $335,000.
- What are key features of this property?
- This property features: 2,372 SF Class B auto shop/used car dealership on 1.02-acre lot in Columbia City, IN.; 100% occupied by Superior Auto under a modified lease with corporate guarantee; lease expires 8/31/2026 with options.; Strong 10.41% cap rate and $34,874 NOI.
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