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$250,000
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| | GLA | 3,210 | |
| | Building S.F. | 3,210 | |
| | Cross Street | Plaza Drive | |
| | Market | Newburgh | |
| | No. of Buildings | 1 | |
| | No. Stories | 1 | |
| | Location Class | B | |
| | Building Class | C | |
| | HVAC | Central | |
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5000 SR 261 Newburgh, IN 47630
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Property Description
This property was formerly a Marathon convenience store operated by Kiel Bros. Oil, which filed bankruptcy on all of their 150+ locations back in 2004. This store closed in mid-2004. All tanks, pumps, and piping are in place for a turn key operation. Site pumped over 300,000 gallons of fuel during its last year of operation. Property has area that could be sub-leased. This space served as a pizza shop sub-lease by the previous tenant. Arrangements will need to be made to transfer ownership of tanks from Kiel Bros. to buyer as client only has ownership of the real estate.
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Location Description
The immediate area is under-served with regards to convenience stores. There is one other store in the immediate area. A former convenience store located just north (SR 261 and Lloyd expressway) was just put under contract by a video store operator in which the building will be razed and the store taken off-line.
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