2981 Webster StKokomo, IN 46902

Property Details for 2981 Webster St

Year built

2004

Lot size

0.93 AC

Property size (Sq ft)

8,064 SF

Property type

Office properties

Description

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.

Location Insight

City

Kokomo

County

Howard

State

Indiana

Latitude

40.4523

Longitude

-86.1371

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