3545 W Washington St
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3545 W Washington St
2,475 SF Retail Building Indianapolis, IN 46241 $598,000 ($242/SF) 9.60% Cap Rate
Investment Highlights
- Established 5-year lease agreement
- Phase 1 and 2 Completed with last purchase
- Extensive parking and secure storage facilities
- Large, well-maintained workshop with multiple service bays
- Comfortable customer waiting area and private offices
- High visibility and excellent accessibility
Executive Summary
Prime Commercial Auto Shop with Existing 5-Year Lease
Welcome to 3545 W. Washington Street, Indianapolis, IN – a premier commercial auto shop boasting an existing 5-year lease, making it an ideal investment opportunity for savvy entrepreneurs and businesses. Located in a bustling area, this property is perfect for those looking to secure a reliable income stream and capitalize on the thriving automotive industry.
Key Features:
• Established Lease: Benefit from a stable 5-year lease agreement, providing consistent rental income and peace of mind.
• Spacious Workshop Area: The property includes a large, well-maintained workshop space with multiple service bays, allowing for efficient and high-volume operations.
• Phase 1 and 2 : Available upon request
Customer-Friendly Facilities: Features a comfortable waiting area for customers, complete with seating, restrooms, and a reception desk.
• Administrative Offices: Includes private office spaces for administrative tasks, meetings, and client consultations.
• Ample Parking: Extensive parking facilities for both customers and vehicles awaiting service.
• Storage Solutions: Ample storage space for parts, tools, and inventory, ensuring organized and efficient operations.
Additional Amenities:
• High Visibility: Situated on a busy street with substantial traffic, offering excellent visibility and signage opportunities.
• Accessibility: Conveniently located near major highways and public transportation, making it easy for customers to access the shop.
• Secure Premises: The property features security measures, including surveillance cameras and a fenced perimeter, ensuring the safety of both staff and assets.
• Proximity to Suppliers: Close to automotive parts suppliers and related businesses, facilitating smooth supply chain management.
Marketing Description
Exceptional Commercial Auto Shop with Existing 5-Year Lease at 3545 W. Washington Street, Indianapolis, IN
Discover an outstanding investment opportunity with this premier commercial auto shop located at 3545 W. Washington Street, Indianapolis. With an existing 5-year lease in place, this property offers a stable and lucrative income stream for investors and business owners.
This well-equipped auto shop features a spacious workshop area with multiple service bays, modern automotive tools, and customer-friendly facilities. The extensive parking, secure premises, and convenient storage solutions further enhance the appeal of this property.
***Please do not disturb the tenants***
Welcome to 3545 W. Washington Street, Indianapolis, IN – a premier commercial auto shop boasting an existing 5-year lease, making it an ideal investment opportunity for savvy entrepreneurs and businesses. Located in a bustling area, this property is perfect for those looking to secure a reliable income stream and capitalize on the thriving automotive industry.
Key Features:
• Established Lease: Benefit from a stable 5-year lease agreement, providing consistent rental income and peace of mind.
• Spacious Workshop Area: The property includes a large, well-maintained workshop space with multiple service bays, allowing for efficient and high-volume operations.
• Phase 1 and 2 : Available upon request
Customer-Friendly Facilities: Features a comfortable waiting area for customers, complete with seating, restrooms, and a reception desk.
• Administrative Offices: Includes private office spaces for administrative tasks, meetings, and client consultations.
• Ample Parking: Extensive parking facilities for both customers and vehicles awaiting service.
• Storage Solutions: Ample storage space for parts, tools, and inventory, ensuring organized and efficient operations.
Additional Amenities:
• High Visibility: Situated on a busy street with substantial traffic, offering excellent visibility and signage opportunities.
• Accessibility: Conveniently located near major highways and public transportation, making it easy for customers to access the shop.
• Secure Premises: The property features security measures, including surveillance cameras and a fenced perimeter, ensuring the safety of both staff and assets.
• Proximity to Suppliers: Close to automotive parts suppliers and related businesses, facilitating smooth supply chain management.
Marketing Description
Exceptional Commercial Auto Shop with Existing 5-Year Lease at 3545 W. Washington Street, Indianapolis, IN
Discover an outstanding investment opportunity with this premier commercial auto shop located at 3545 W. Washington Street, Indianapolis. With an existing 5-year lease in place, this property offers a stable and lucrative income stream for investors and business owners.
This well-equipped auto shop features a spacious workshop area with multiple service bays, modern automotive tools, and customer-friendly facilities. The extensive parking, secure premises, and convenient storage solutions further enhance the appeal of this property.
***Please do not disturb the tenants***
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,475 SF
Building Class
C
Year Built/Renovated
1960/2003
Price
$598,000
Price Per SF
$242
Cap Rate
9.60%
NOI
$57,408
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.49 AC
Zoning
C-5 - Commercial
Parking
15 Spaces (6.06 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 49-11-08-136-030.000-930 | Improvements Assessment | $47,300 |
| Land Assessment | $71,100 | Total Assessment | $118,400 |
PROPERTY TAXES
Parcel Number
49-11-08-136-030.000-930
Land Assessment
$71,100
Improvements Assessment
$47,300
Total Assessment
$118,400
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3545 W Washington St
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