0 35 -49 BlvdMartinsville, IN 46151

Property Details for 0 35 -49 Blvd

Year built

2005

Property size (Sq ft)

11,086 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This fee-simple retail shopping center in Martinsville, Indiana presents a compelling value-add investment opportunity. The 11,086 square foot property, built in 2005, boasts a new roof (installed in 2019 with a warranty extending to 2034). Currently, occupancy stands at 20.1%, with three units total. One unit, leased to Select Physical Therapy, occupies 2,230 square feet and has a lease expiring September 30, 2026 (1.9 years remaining). The property is strategically located at 35-49 Bill's Blvd, Martinsville, IN 46151, an outparcel to both Kroger and Rural King, and benefits from its proximity to the recently completed I-69 corridor. This high-traffic location is surrounded by other established businesses including Culver's, Wendy's, and Burger King, creating a strong retail environment. The vacant units are currently configured for medical use. The asking price is $1,049,000, translating to $94.62 per square foot. This NNN-leased property offers significant potential for increased occupancy and rental income. The property is situated in Morgan County, Indiana, approximately 20 minutes north of Bloomington and 40 minutes south of downtown Indianapolis.

Location Insight

City

Martinsville

County

Morgan

State

Indiana

Latitude

39.4085

Longitude

-86.4258

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