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711 Sheridan St
Richmond, IN 47374
Specialty Property For Sale
·
51,488 SF
INVESTMENT HIGHLIGHTS
- Excellent 13% CAP rate
- Fully leased
EXECUTIVE SUMMARY
Outstanding Investment Opportunity: This fully leased commercial property features multiple buildings and a diverse tenant base, generating a strong cap rate of over 13%. The site includes five buildings with the following square footages: Building 1: 21,876 SF; Building 2: 9,600 SF; Building 3: 6,644 SF; Building 4: 5,640 SF; Building 5: 4,000 SF. Additionally, two utility sheds provide 960 SF and 100 SF of extra space. The property is equipped with 10 overhead doors and 4 exterior docks, offering excellent functionality and accessibility. This is a high-performing asset with great potential for investors seeking strong returns. For more details, contact Alan Stamper at 765-994-8822.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 4.00 AC |
| Cap Rate | 13% | Building Size | 51,488 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Lumberyard | Year Built | 1929 |
| Building Class | C | Parking Ratio | 0.78/1,000 SF |
| Sale Type | Investment |
| Cap Rate | 13% |
| Property Type | Specialty |
| Property Subtype | Lumberyard |
| Building Class | C |
| Lot Size | 4.00 AC |
| Building Size | 51,488 SF |
| No. Stories | 1 |
| Year Built | 1929 |
| Parking Ratio | 0.78/1,000 SF |
PROPERTY TAXES
| Parcel Number | 89-16-32-230-224.000-030 | Improvements Assessment | $224,207 CAD |
| Land Assessment | $76,146 CAD | Total Assessment | $300,353 CAD |
PROPERTY TAXES
Parcel Number
89-16-32-230-224.000-030
Land Assessment
$76,146 CAD
Improvements Assessment
$224,207 CAD
Total Assessment
$300,353 CAD
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