Remarks

This 3.05-acre property presents a fantastic value-add opportunity with both retail and industrial components, offering versatility and potential for increased returns. The retail site, zoned C4, consists of 15,000 square feet and is currently configured with 8 units, with the potential to be converted into 9 units. Most spaces are built out but would benefit from CAPEX improvements to modernize and maximize rental income. The industrial building, zoned I4, offers 6,300 square feet and is ideal for various industrial uses, providing flexibility for owner-users or tenants. This property is perfect for investors looking to enhance value through renovations and lease-up strategies. With strong zoning designations and ample space for improvements, this site is ready for its next phase of growth!

Details

MLS#: 22033393
Price: $2,500,000

Style: Retail
Sq Ft: 21300
Year Built: 1986

County: Marion
Tax Fee: 53204.0

School Middle: Pike Central Middle School
School High: Pike Central High School
School District: Pike County School Corp