N MADISON AVE

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N MADISON AVE

GREENWOOD, IN 46142
Asking Price
$4.00M
Asset Type
Commercial Land
Class
Class B

What's Special

3.92 Acre Retail Development Opportunity | Riverfront District | Concept Plans Reviewed by City <p>• 3.9162 Acre Assemblage Across Five Parcels</p><p>• One of Greenwood's Last Large-Scale Development Opportunities</p><p>• Prime Madison Avenue Frontage</p><p>• Located Within Greenwood's Riverfront District</p><p>• Potential Liquor License Availability</p><p>• Preliminary Development Plans Reviewed by City of Greenwood</p><p>• Existing Improvements Provide Interim Income Potential</p><p>• Concept Plans Support 23,400 SF to 32,400 SF Retail Development</p><p>• Approximately 1 Mile to US 31</p

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NOI
$80,000
Cap Rate
2.00%
DSCR
0.34
Underwater
Cash-on-Cash
-13.12%
Monthly Payment
$19,789.818
Annual Cash Flow
$-157,477.81

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