1661 Nebo RdYorktown, IN 47396

Property Details for 1661 Nebo Rd

Year built

1996

Construction

WOOD

Lot size

0.73 AC

Property size (Sq ft)

6,000 SF

Property type

Commercial real estate

APN

18-10-14-476-023.000-017

APU

181014476023000017

Description

This exceptional investment opportunity presents a 6,000-square-foot flex warehouse building situated on a 0.72-acre lot in Yorktown, Indiana. Constructed in 1996, the property comprises a single building housing five rentable units, currently leased on a month-to-month basis to multiple tenants. One unit is notably larger, featuring a restroom, office space, and heating. All units boast 12x12 overhead doors, providing convenient access for various uses. The asking price is $299,000, translating to $49.83 per square foot and $59,800 per unit. The building boasts a 14-foot ceiling height, offering ample vertical space. Current monthly rents range from $340 to $440, presenting potential for increased revenue given current market rates. A significant advantage is the inclusion of an undeveloped lot with Nebo Road frontage, offering expansion or development possibilities. The property's address is 1661 S Nebo Rd, Yorktown, IN 47396, and its APN is 18-10-14-476-022.000-017. This property is ideal for investors seeking strong cash flow and future appreciation potential, or for owner-occupants looking to establish their business in a prime location. The property's multi-tenant setup provides diversification and built-in income. The combination of existing income and development potential makes this a compelling investment opportunity in the thriving Yorktown area.

• Alternative Use

  Use

  Valuation

  Residential

  $854,994

  Hospitality

  $783,170

  Educational

  $651,588

  Medical

  $673,997

  Retail

  $1,013,581

Location Insight

City

Yorktown

County

Delaware

State

Indiana

Latitude

40.1787

Longitude

-85.4625

CBSA code

34620

CBSA name

MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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