4250 W 38th St
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4250 W 38th St
9,600 SF 100% Leased Retail Building Indianapolis, IN 46254 For Sale
Executive Summary
4250 w 38th Street is a 9,600 square-foot retail building located within the Speedway submarket of Indianapolis. The Property is conveniently located at the intersection of 38th street and Lafayette Road , which offers access at a busy intersection of almost 56,000 cars daily. The building is 100% occupied. Overall, the building provides the savvy investor strong cash flow from a stabilized asset that will experience good rental growth and the exciting potential for redevelopment in a strong Indianapolis submarket.
Redevelopment or Value-Add Opportunity - The Property offers the zoning, size and location that would present a perfect redevelopment or value-add opportunity.
Heavy Traffic Intersection - The property sits next to an intersection of almost 56,000 cars daily
Owner Termination Rights - Fast termination options would allow a buyer to capture new market opportunities in an inexpensive manner
Redevelopment or Value-Add Opportunity - The Property offers the zoning, size and location that would present a perfect redevelopment or value-add opportunity.
Heavy Traffic Intersection - The property sits next to an intersection of almost 56,000 cars daily
Owner Termination Rights - Fast termination options would allow a buyer to capture new market opportunities in an inexpensive manner
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,600 SF
Building Class
C
Year Built
1983
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Land Acres
0.79 AC
Opportunity Zone
Yes
Zoning
C4
Parking
39 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
161 FT on W 38th St
Amenities
- 24 Hour Access
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 49-06-17-102-013.000-674 | Improvements Assessment | $107,500 |
| Land Assessment | $98,400 | Total Assessment | $205,900 |
PROPERTY TAXES
Parcel Number
49-06-17-102-013.000-674
Land Assessment
$98,400
Improvements Assessment
$107,500
Total Assessment
$205,900
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4250 W 38th St
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