1401 Washington StKokomo, IN 46901

Property Details for 1401 Washington St

Year built

1970

Construction

TYPE NOT SPECIFIED

Lot size

3.23 AC

Property size (Sq ft)

35,968 SF

Property type

Grocery and convenience stores

APN

34-03-25-251-037.000-002

APU

340325251037000002

Description

This exceptional 5,897 square foot single-tenant office space is ideally situated on North Washington Street in Howard County, offering unparalleled access to downtown amenities, thriving shopping districts, and a densely populated residential area. The property's retail/office classification provides versatility for a range of businesses. The building features a clear-span layout, maximizing usable space and providing excellent visibility for tenants. Three convenient access doors ensure efficient operations. Ample shared parking is available for employees and clients, addressing a key concern for businesses in high-traffic areas. The building shares space with established retailers, Dollar Tree and Family Dollar, further enhancing the location's appeal and foot traffic. This property presents a unique opportunity for businesses seeking a prominent location with excellent accessibility and ample space to grow. The traditional office layout is complemented by creative office features, making it suitable for a variety of business models. The single-tenant occupancy ensures exclusive use and control of the space. This is a rare opportunity to secure a high-profile location in a vibrant and rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $9,944,399

  6.5%

  $9,179,445

  7%

  $8,523,771

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,256,502

  Geo Method

  $11,256,502

• Alternative Use

  Use

  Valuation

  Residential

  $7,743,206

  Hospitality

  $7,092,734

  Educational

  $5,901,072

  Medical

  $6,104,019

  Retail

  $9,179,445

Location Insight

City

Kokomo

County

Howard

State

Indiana

Latitude

40.4991

Longitude

-86.1346

CBSA code

29020

CBSA name

KOKOMO, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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