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Usa Manufacturing 510 Indianapolis Ave

40,000 SF 85% Leased Industrial Building Lebanon, IN 46052 $2,250,000 ($56/SF) 9.17% Cap Rate

Warehouses Indiana Lebanon 510 Indianapolis Ave, Lebanon, IN 46052

Executive Summary

Unique opportunity with IOS (industrial outdoor storage) zoning.
3 tenants withe remaining vacancy and yard space for lease. upside of another $25-40k/yr

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,250,000 Lot Size 4.57 AC
Price Per SF $56 Rentable Building Area 40,000 SF
Sale Type Investment No. Stories 1
Cap Rate 9.17% Year Built/Renovated 1923/2024
Property Type Industrial Clear Ceiling Height 19’
Property Subtype
Warehouse
  • Industrial Distribution
  • Showroom
  • Industrial Truck Terminal
 No. Dock-High Doors/Loading 3
Building Class C No. Drive In / Grade-Level Doors 2
Price $2,250,000
Price Per SF $56
Sale Type Investment
Cap Rate 9.17%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Showroom
  • Industrial Truck Terminal
Building Class C
Lot Size 4.57 AC
Rentable Building Area 40,000 SF
No. Stories 1
Year Built/Renovated 1923/2024
Clear Ceiling Height 19’
No. Dock-High Doors/Loading 3
No. Drive In / Grade-Level Doors 2

Amenities

  • 24 Hour Access
  • Courtyard
  • Fenced Lot
  • Security System
  • Signage
  • Storage Space

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
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PROPERTY TAXES

Parcel Number 06-11-31-000-016.003-002 Total Assessment $276,200 (2024)
Land Assessment $43,400 (2024) Annual Taxes ($1) ($0.00/SF)
Improvements Assessment $232,800 (2024) Tax Year 2023

PROPERTY TAXES

Parcel Number
06-11-31-000-016.003-002
Land Assessment
$43,400 (2024)
Improvements Assessment
$232,800 (2024)
Total Assessment
$276,200 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code ID (ID - General Industrial District)
ID (ID - General Industrial District)
(317) 340-3969

Contact

  • Listing ID: 33677744

  • Date on Market: 10/29/2024

  • Last Updated:

  • Address: 510 Indianapolis Ave, Lebanon, IN 46052

More public record information on 510 Indianapolis Ave, Lebanon, IN 46052

The Industrial Property at 510 Indianapolis Ave, Lebanon, IN 46052 is currently available for sale. Contact Jackson IG for more information.

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Usa Manufacturing | 510 Indianapolis Ave
(317) 340-3969 x

Usa Manufacturing | 510 Indianapolis Ave

Matt Jackson

(317) 340-3969

(317) 340-3969

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