For Sale
$825,000

120 Pennsylvania StGreenfield, IN 46140

High-yield warehouse, 4,230 SF, 7.52% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional Greenfield, Indiana warehouse presents a compelling investment opportunity. Located at 120 S Pennsylvania St, this multi-tenant property boasts 4,230 square feet of space, ideal for retail or storage uses. Built in 1971, the building sits on a 0.26-acre lot and offers a strong net operating income (NOI) of $62,011, translating to an attractive 7.52% capitalization rate. The asking price is $825,000. Its prime location directly adjacent to The Depot Street Park provides excellent visibility and benefits from the park's numerous community events, including street festivals, concerts, and family movie nights. This high-traffic area ensures strong potential for tenant occupancy and future growth. The property's strategic position also presents exciting redevelopment possibilities for those seeking to capitalize on Greenfield's downtown revitalization. This is a rare chance to acquire a well-performing income-producing asset with significant upside potential in a thriving Indiana community. The property is zoned for industrial use.

Highlights

  • Highly visible location.
  • Directly adjacent to The Depot Street Park.
  • 4,230 SF multi-tenant warehouse ideal for retail or storage; strong NOI of $62,011.
  • Redevelopment potential in a revitalizing downtown area.

Property Details for 120 Pennsylvania St

Property type
Warehouses, Industrial properties
Square Feet
4,230 SF
Year Built
1971
Lot Size (sq. ft)
11,326 SF

Location Insight

City
Greenfield
County
Hancock
State
Indiana
Latitude
39.7835573
Longitude
-85.7719395
120 Pennsylvania St, Greenfield, Indiana

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120 Pennsylvania St
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