3545 Washington StIndianapolis, IN 46241

For Sale
$598,000

Prime Auto Shop, 5-Year Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional commercial auto shop, located at 3545 W. Washington St, Indianapolis, IN 46241, presents a compelling investment opportunity. The 2,475 square foot property sits on a 0.49-acre lot and boasts a strong 9.60% cap rate. Currently operating under a five-year NNN lease, this single-tenant property provides a stable income stream. The building, constructed in 1960, features a spacious workshop with multiple service bays, a comfortable customer waiting area, private offices, and ample storage. Fifteen parking spaces are available for customers and staff. The property is zoned C5 and benefits from high visibility on a busy street, convenient access to major highways, and proximity to automotive suppliers. The existing lease ensures a consistent return on investment, making this a low-risk, high-reward opportunity for discerning investors. The property includes security measures such as surveillance cameras and a fenced perimeter. Phase 1 and 2 improvements have been completed.

Highlights

  • Five-year lease in place.
  • Spacious workshop featuring multiple service bays.
  • Property fully developed; all phases complete.
  • Client waiting area and private offices included.
  • Ample parking and secure storage.
  • High-visibility location with easy access to major roadways.

Property Details for 3545 Washington St

Property type
Other retail properties, Automotive properties
Square Feet
2,475 SF
Year Built
1960
Stories
1
Lot Size (sq. ft)
21,344 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.761862385434
Longitude
-86.220974934074
3545 Washington St, Indianapolis, Indiana

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3545 Washington St
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