401-403 Wabash Avenue, Terre Haute, IN 47807
sale
$1,055,000
|
Other
Courtesy Of Remax Real Estate Associates
Prime Downtown Terre Haute Investment Opportunity Capitalize on a rare opportunity to own a highly visible, income-producing commercial property in the heart of downtown Terre Haute. This three-unit office complex sits on a premier corner location at Wabash Avenue and 4th Street, offering over 280 feet of frontage and exceptional exposure from a signalized intersection with steady daily traffic. Strategically positioned just one block from the Vigo County Courthouse and Indiana State University, the property benefits from consistent foot traffic and strong surrounding demand. The area is anchored by a vibrant mix of retail stores, restaurants, and professional service providers, making it an ideal long-term investment in a growing commercial corridor. This well-maintained building features floor-to-ceiling windows, and high-end finishes throughout designed to attract and retain quality tenants. With its prime location, strong visibility, flexible multi-tenant layout, and desirable amenities, this property presents an exceptional opportunity for investors seeking stable income and long-term appreciation. Long time tenants: Morgan Stanley Smith Barney LLC of more than 20 years. State Farm Insurance Agency of nearly 10 years. Vacant Space of 2,514sq ft available for lease. $27,654 base rent. Current NOI: $70,741 Cap Rate 6.7% Full Lease NOI: $89,432 Cap Rate 8.4% Call Broker
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Property Features
- Architecture Style: Other
- Floors: 1
- MLSID: 108905
- Rooms: Bathroom 2
- Rooms: Bathroom 1
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