2700 SR-261, Newburgh, IN
Retail for Sale - $299,000 - 9,880 Sq. Ft. on 0.85 acres
Property Info
CIMLS# | 1055018 |
Location 2700 SR-261 Newburgh IN 47629 | |
Updated | August 13th, 2019 |
Type | Retail |
Price | $299,000 |
Building | 9,880 Sq. Ft. |
Land | 0.85 acres |
Property Description
Located on IN-261 near Castle High School.
Ideal for retail or storage facility.
Great visibility and high traffic location.
Currently Paradise Organics grocery store and 29-unit self-storage
facility. Both businesses still in operation.
Self-storage business has not been aggressively marketed in the past. Approximately 50% of the units are currently leased.
Self-storage income potential is $1345 per month if fully leased, based on current lease rates.
Billboard on property generates $1000 per year.
New public sewer installed in 2003 at a cost of approximately $25,000.
Approximately 15 freezers located in the grocery.
Large walk-in cooler located in the grocery.
2 new HVAC units installed within the past 2 years.
Some roof repairs needed in self-storage area.