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802 16Th St Bedford, IN 47421

For Sale
$630,000

Invest in this unique Bedford property!

Description

Added:
Feb 3, 2025
Days on Market:
308
This exceptional investment opportunity presents a partially constructed mixed-use building ideally situated near Bedford's vibrant downtown area. The property encompasses 0.13 acres and offers a compelling blend of commercial and residential space. A significant feature is a newly renovated, two-bedroom, two-bathroom apartment complete with its own separate rear entrance and washer/dryer hookups. This apartment provides immediate rental income potential or comfortable owner-occupied living. The commercial space includes five individual offices, each prepped with hand sink hookups, adding to its versatility. A shared toilet hookup and shower are also available. A unique addition is a built-in salt cave, offering potential for a wellness-focused business or a distinctive amenity. The building's existing infrastructure provides a solid foundation for completion and customization to suit a variety of business needs. The asking price of $630,000 reflects the significant potential return on investment this property offers. Its prime location and unique features make it an attractive proposition for both seasoned investors and those seeking a distinctive commercial venture. The property's partially completed state allows for significant customization and the opportunity to tailor the space to specific business requirements. The combination of residential and commercial space offers a unique opportunity to generate multiple income streams. This is a rare chance to acquire a property with significant upside in a thriving downtown location.

Property Features for 802 16Th St

General Information

Property type
Other commercial real estate
Lot Size
5,663 SF

Building Details

Year Built
1941

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Bedford
County
Lawrence
State
Indiana
Longitude
-86.48148
Latitude
38.86082

FAQs

What type of property is this?
Commercial real estate - Invest in this unique Bedford property!
Where is this commercial real estate located?
The property is located at 802 16Th St Bedford, IN.
What is the asking price?
The asking price for this property is $630,000.
More about this property
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