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530 N Central Ave
Connersville, IN 47331

Absolute $1 Auction: Former Bank Location · Retail Property For Sale

Investment Highlights

  • Must-Sell Absolute Auction With No Reserve
  • Strong Retail Demand in High Density Submarket: High demand retail submarket with close proximity to municipality office locations with a wide array o
  • Strategic Placement With Excellent Visibility: Former bank located off the prominent signalized southeast corner of Central Avenue and East 6th Street
  • Motivated Seller: The subject property is a bank-owned property that will be selling at a low cost basis.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Bank
Building Size
14,862 SF
Building Class
B
Year Built
1900
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.87
Lot Size
0.39 AC
Zoning
General Business
Parking
16 Spaces (0.8 Spaces per 1,000 SF Leased)
Frontage
10 FT on North Central Ave

About 530 N Central Ave , Connersville, IN 47331

Cushman & Wakefield and RealINSIGHT Marketplace are pleased to present an Absolute $1 Auction: Former Bank Location (The "Property"), a single tenant freestanding retail property in Connersville, Indiana. The Property is located off the prominent signalized southeast corner of Central Avenue and East 6th Street in historic downtown Connersville. Within the immediate location, the subject property is exposed to multiple municipality office locations along with a wide array of retailer options spanning across general retail, food service, and financial services. The subject property is currently owned by a publicly traded financial institution with a strong motivation to sell at a low-cost basis. The largest industries in Connersville are Manufacturing, Health Care & Social Assistance, and Retail Trade, and the highest paying industries are Transportation & Warehousing ($53,636), Transportation & Warehousing, & Utilities ($53,598), and Utilities ($49,886). In 2019, the place with the highest Median Household Income in Connersville was Census Tract 9540 with a value of $73,111, followed by Census Tract 9542 and Census Tract 9546, with respective values of $61,250 and $57,426.

  • Listing ID: 14725603

  • Date on Market: 12/28/2018

  • Last Updated:

  • Address: 530 N Central Ave, Connersville, IN 47331

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