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    905 Market St Charlestown, IN 47111

    For Sale
    $300,000

    High-Traffic Location, Strong ROI

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property, located at 905 Market Street in Charlestown, Indiana, presents a lucrative investment opportunity. The 1,334 square foot building (46ft x 29ft) sits on a 0.19-acre lot in a high-traffic area, boasting a daily traffic count of 15,855 vehicles. Its prime location is just one building from a traffic light and directly across the street from a Dollar General, ensuring excellent visibility and accessibility. The property currently generates a strong 8% cap rate with a monthly rent of $1986 under a NNN lease. However, the current tenant plans to vacate in 2022, opening up possibilities for new lease agreements or owner-occupancy. The building includes walk-in coolers and exhaust ducts, while the HVAC system (excluding hood and sinks) remains in place. Landlord responsibilities include structural repairs, exterior utilities, and roof repairs exceeding $2,000 annually. The property is situated in a flood zone

    Property Features for 905 Market St

    General Information

    Property type
    Investment properties
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1990
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Papa John's Pizza Pizza Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlestown
    County
    Clark
    State
    Indiana
    Longitude
    -85.66785
    Latitude
    38.44914

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    FAQs

    What type of property is this?
    Investment property - High-Traffic Location, Strong ROI
    Where is this investment property located?
    The property is located at 905 Market St Charlestown, IN.
    What is the asking price?
    The asking price for this property is $300,000.
    (812) 282-0426
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    905 Market St Charlestown, IN 47111
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