611 Buffalo StWarsaw, IN 46580

  • Office properties
  • 2,899 SF
For Lease
$12/SF/YR View listing

Property Details for 611 Buffalo St

Year built
1946
Construction
TYPE NOT SPECIFIED
Lot size
0.15 AC
Property size (Sq ft)
2,899 SF
Zone code
C-2 G
Property type
Office properties
Property subtype
Other office properties
APN
43-11-17-400-145.000-032
APU
431117400145000032

Description

This exceptional 2,200 square foot Class A retail space is ideally situated at 611 S Buffalo St in Warsaw, Indiana, within Kosciusko County (zip code 46580). Completely renovated in 2023, the property is currently vacant and ready for immediate occupancy. Its previous use as a hair and beauty supply store makes it perfectly suited for a similar business, offering a turnkey opportunity for a new owner. The entire existing inventory, including shelving, point-of-sale (POS) system, and furniture, is available for purchase, representing a significant cost savings for a prospective tenant. The single-tenant building provides ample space for a variety of retail uses. Located in a vibrant area of Warsaw, this property benefits from high visibility and convenient access. The property's excellent condition and prime location make it an attractive investment opportunity for entrepreneurs seeking a well-established retail space. This is a rare chance to acquire a move-in ready retail space in a desirable location, complete with the option to purchase existing fixtures and equipment. Don't miss this chance to establish your business in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $545,247
    6.5%
    $503,305
    7%
    $467,354
  • Comparable approach

    Method
    Valuation
    Relative Method
    $377,595
    Geo Method
    $377,595
  • Alternative Use

    Use
    Valuation
    Residential
    $624,098
    Hospitality
    $571,670
    Educational
    $475,623
    Medical
    $491,980
    Retail
    $739,858
611 Buffalo St, Warsaw, Indiana

Location Insight

City
Warsaw
County
Kosciusko
State
Indiana
Latitude
41.2328
Longitude
-85.8563
CBSA code
47700
CBSA name
WARSAW, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,752
$33,300
$72,500
$105,800
-
$33,300
$72,500
$105,800

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