905 Market Street, Charlestown, IN 47111

Building Details

Year Built

1990

Listing agent Karen McCartin-Foster

Listing office Berkshire Hathaway HomeServices Parks & Weisberg R Show Phone

Listing date Feb 10, 2022

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Parks & Weisberg R

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Overview

This retail building, located at 905 Market Street in Charlestown, Indiana, offers a potential cap rate of 8% based on the current rent of $1986 per month. The property benefits from a high daily traffic count of 15,855 vehicles. Situated one building away from a traffic light and across the street from a Dollar General, the location provides good visibility and accessibility. The building dimensions are 46x29. The surrounding area has a population of 6,648 within a 5-mile radius, along with 425 businesses and 3,440 employees, with growth anticipated due to the River Ridge development. The median household income within a 1-mile radius is $57,428, increasing to $60,599 within 3 miles and $74,000 within 5 miles. The property is located 8.3 miles from I-265. The listing includes the building only. The current tenant has indicated they are vacating in 2022.

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

Similar Places Nearby

• Henderson’s Flower Shop — 1938 Market St, Charlestown, IN 47111
• Henderson Flower Shop — 1938 Market St, Charlestown, IN 47111

Location Insight

• Map
• Local Demand

City

Charlestown

County

Clark

State

Indiana

Longitude

-85.6678568

Latitude

38.4491402

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FAQs

What type of property is this?

Storefront property - Retail building for sale with high traffic and income potential.

Where is this storefront property located?

The property is located at 905 Market Street Charlestown, IN.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: High Cap Rate: Enjoy an 8% return on investment with current rent of $1986 per month.; Strategic Location: High daily traffic count (15,855), one building from a traffic light, and across the street from Dollar General.; Favorable Demographics: Growing employee base (3,440 within 5 miles) due to River Ridge development and increasing median household income within 1, 3, and 5‑mile radii.