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756 Lakeshore Dr 10,550 SF 100% Leased Flex Building Scottsburg, IN 47170 $1,382,499 CAD ($131.04 CAD/SF) 7.08% Cap Rate
INVESTMENT HIGHLIGHTS
- Cash Flowing Car Wash
- Multi-use Buildings
- Large Conference Room
- Reach out to William Andes for more information
EXECUTIVE SUMMARY
Car Wash, Multifamily, Store Front, Office
Outstanding Investment Opportunity! This multi-use commercial property offers immediate income potential and unmatched flexibility. Located on a high-visibility road, the front of the property features a high-performing car wash that provides significant cash flow and consistent traffic. The car wash includes 6 full bays plus a 7th truck wash bay for larger vehicles. Just behind it, the main commercial building boasts large storefront windows, perfect for retail, office, or showroom use. Inside, you'll find multiple rooms that can be leased individually—ideal for tenants in need of office or service space.
To the front left, an additional structure offers multiple rentable units, adding another layer of income potential for a variety of small business tenants. At the rear of the property, a spacious storage facility provides ample room for large equipment, materials, or leaseable storage solutions.
This unique property also backs directly up to scenic Lake Lola Park, offering beautiful water views, green space, and public walking paths—a rare feature that enhances the appeal for both business owners and clients.
As an added opportunity, a 10-unit apartment complex directly across the street is also available for sale, making this a compelling option for a visionary investor seeking to build or expand their portfolio in a prime, park-adjacent location.
Outstanding Investment Opportunity! This multi-use commercial property offers immediate income potential and unmatched flexibility. Located on a high-visibility road, the front of the property features a high-performing car wash that provides significant cash flow and consistent traffic. The car wash includes 6 full bays plus a 7th truck wash bay for larger vehicles. Just behind it, the main commercial building boasts large storefront windows, perfect for retail, office, or showroom use. Inside, you'll find multiple rooms that can be leased individually—ideal for tenants in need of office or service space.
To the front left, an additional structure offers multiple rentable units, adding another layer of income potential for a variety of small business tenants. At the rear of the property, a spacious storage facility provides ample room for large equipment, materials, or leaseable storage solutions.
This unique property also backs directly up to scenic Lake Lola Park, offering beautiful water views, green space, and public walking paths—a rare feature that enhances the appeal for both business owners and clients.
As an added opportunity, a 10-unit apartment complex directly across the street is also available for sale, making this a compelling option for a visionary investor seeking to build or expand their portfolio in a prime, park-adjacent location.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$97,881
|
$9.28
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $97,881 |
| Annual Per SF | $9.28 |
PROPERTY FACTS
| Price | $1,382,499 CAD | Lot Size | 1.87 AC |
| Price Per SF | $131.04 CAD | Rentable Building Area | 10,550 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.08% | Year Built | 1986 |
| Property Type | Opportunity Zone |
Yes
|
| Price | $1,382,499 CAD |
| Price Per SF | $131.04 CAD |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| Property Type | |
| Lot Size | 1.87 AC |
| Rentable Building Area | 10,550 SF |
| No. Stories | 1 |
| Year Built | 1986 |
| Opportunity Zone |
Yes |
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Andes Realty Team
756 Lakeshore Dr
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