2903 S Washington Street

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2903 S Washington Street

kokomo, IN 46902
Asking Price
$2.99M
Asset Type
Retail
Class
Class B

What's Special

2903 South Washington Street is situated in a high-traffic commercial corridor in southern Kokomo, Indiana. The property is positioned within a dense residential neighborhood and sits adjacent to established local businesses and national franchises. It offers direct frontage on Washington Street, a primary north-south arterial route connecting the southern districts to the downtown core. The location is easily accessible via U.S. Route 31 and State Road 931, providing efficient logistical links for customers and delivery services throughout Howard County. The building’s layout and prominent street visibility make it suitable for a variety of retail applications, including specialty boutiques, convenience stores, or service-oriented businesses. The typical tenant profile includes owner-occupants looking for high exposure or national retailers seeking a satellite location in a stable mid-sized market. Given the surrounding demographic, the site is well-positioned for businesses that rely on consistent local foot traffic and daily commuters.

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NOI
$80,000
Cap Rate
2.68%
DSCR
0.45
Underwater
Cash-on-Cash
-10.87%
Monthly Payment
$14,792.889
Annual Cash Flow
$-97,514.663

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