$1,300,000
MLS #: 10034735

Description of 1122 S State Road 1, Cambridge City, IN 47327

Great investment opportunity with this 27,000 sq. ft. commercial building resting on a 2 & 1/4 acre high traffic corner lot. One third of the building (9,000 sq. ft.) is currently under contract through 2026 with a triple net lease with CVS Pharmacy; the remaining 18,000 sq. ft. is currently for lease. The building features 6 HVAC units (natural gas forced air heat), city water & sewage, sprinkler system, paved parking lot featuring over 80 parking spaces for customers and additional paved areas for employee parking/delivery drop offs/or additional outdoor retail space, the parking lot is accessible from both interesting roads, large outdoor lit signage along State Road 1, and a covered front canopy that spans the length of the building. If the 18,000 sq. ft. unit is leased for a similar dollars per sq. ft. as the occupied 9,000 sq. ft. unit the cap rate would exceed 14%. Call or text Tyler Fortman at (765) 277-6607 or John Fortman at (765) 277-6607 today to setup your personal tour.

Property Features of 1122 S State Road 1, Cambridge City, IN 47327

HOME STYLE
1 Story
TYPE
Commercial
Year Built
1986
Community
Western Wayne
Acres
2.26
Features
Central air
Forced air heat
Natural gas heat
Gas water heater
Parking spaces: 80
Aluminum siding
Brick exterior
Lot acreage is: 2.26
Lot zoned: Other
Metal roof
Slab Foundation
City sewer
City water
Total square feet: 27000
For sale

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