513-631 S Reed Rd | Kokomo, IN 46901
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- LoopNet Team
513-631 S Reed Rd
Kokomo, IN 46901
Dominant Discount Based Retail Center · Retail Property For Sale
Investment Highlights
- An 89,414 SF retail center situated over 14.07 acres in a dynamic retail corridor boasting a vacancy rate of 3.2%, well below the national average.
- Opportunity to acquire a tenancy mix that fits the surrounding consumer demographic with upside through vacant lease-up and below market rental rates.
- Other retailers in the immediate vicinity of the center that serve as demand drivers to the corridor are Target, Walmart, Sam’s Club, and Meijer.
- Located on a corner lot with ample parking five minutes from highways US-31 and IN-22, anchored by Ollies Bargain Outlet, Dollar Tree, and Aaron's.
- Sited front and center to over 22,000 VPD adjacent to the locally renowned Waterworks Park, across from the scenic Wildcat Creek.
PROPERTY FACTS
Sale Condition
Auction Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
89,414 SF
Building Class
C
Year Built
1988
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
14.07 AC
Zoning
Commercial
Parking
490 Spaces (5.5 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,691,500 | |
| Land Assessment | $1,764,200 | Total Assessment | $3,455,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,764,200
Improvements Assessment
$1,691,500
Total Assessment
$3,455,700
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