507 Indianapolis Ave., Lebanon, IN

Industrial for Sale - $319,000 - 2,372 Sq. Ft. on 0.33 acres


Agent Info

Devon Vinson

Property Info

CIMLS#1068858
Location
  507 Indianapolis Ave.
  Lebanon IN 46052
UpdatedFebruary 24th, 2020
TypeIndustrial
Price$319,000
Building2,372 Sq. Ft.
Land0.33 acres

Contact


Property Description

Lebanon is in the path of progress as witnessed by the added third lane on I-65 into Indianapolis. Property has easy access to I-65 and lots of traffic for visibility for the end user. Traffic passing by will be local people as well as travelers on State Road 32.

Renovated building in 2016. Hard wired network throughout. Hard wired security system. Included is a 3' x 5' Hi-Def sign that's been approved by city.

Population: 16,000+

Traffic Count: 13,600 cars/day


Financials

Property has tenant that has 2 years left on a 5 year contract. Auto equipment belongs to the tenant; however, may be negotiated. Cap Rate 7.83% NOI $24,978



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