2010 46Th StIndianapolis, IN 46205

Property Details for 2010 46Th St

Year built

1954

Construction

TYPE NOT SPECIFIED

Lot size

0.25 AC

Property size (Sq ft)

5,070 SF

Property type

Retail space

APN

49-07-07-139-809.000-801

APU

490707139809000801

Description

This 5,070 square foot, 100% occupied shopping center in Indianapolis, Indiana presents a compelling investment opportunity. Located at 2010 E 46th St, in Marion County, zip code 46205, this stabilized, Class C retail property boasts a strong 8.57% cap rate and a substantial net operating income (NOI) of $60,000. The property features three tenants under NNN leases, generating a monthly cash flow exceeding $5,000. The single-story building, constructed in 1954, sits on a 10,944 square foot lot and is zoned C-3. With five units totaling 5,070 square feet of net rentable space, the asking price is $700,000, translating to $138.07 per square foot. The property benefits from a recently paved, ample parking lot, exceeding 5,000 square feet. This multi-tenant strip center is an ideal buy-and-hold investment in a developing neighborhood with significant future growth potential. The property's strong occupancy rate and consistent cash flow make it an attractive addition to any portfolio. The APN is 8020446.

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.8405

Longitude

-86.1272

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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