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    8368 State Road 64 Georgetown, IN 47122

    For Sale
    $725,000

    Versatile Commercial Building, High Traffic Count

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property, situated on 0.79 acres at 8368 State Road 64 in Georgetown, Indiana, presents a unique investment opportunity. Formerly a restaurant/bar, this adaptable building offers significant potential for a variety of uses, including retail, warehouse, or entertainment venues. Its prime location along the heavily trafficked State Road 64 ensures high visibility and accessibility, with an average daily traffic count exceeding 13,000 vehicles. The property's convenience is further enhanced by its proximity to Interstate 64, approximately 3 miles away, providing easy access for customers and employees. The building itself includes a functional office and breakroom, adding to its versatility. Recent improvements include the installation of two newer HVAC units, ensuring efficient climate control. While the kitchen equipment is not included in the sale, the existing infrastructure provides a solid foundation for various business ventures. This 725,000 dollar property offers a compelling combination of location, adaptability, and recent upgrades, making it an ideal choice for entrepreneurs seeking a thriving business environment. The square footage is not currently available.

    Property Features for 8368 State Road 64

    General Information

    Property type
    Investment properties
    Lot Size
    34,412 SF

    Building Details

    Year Built
    2008
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Floyd
    State
    Indiana
    Longitude
    -85.96484
    Latitude
    38.29501

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    FAQs

    What type of property is this?
    Investment property - Versatile Commercial Building, High Traffic Count
    Where is this investment property located?
    The property is located at 8368 State Road 64 Georgetown, IN.
    What is the asking price?
    The asking price for this property is $725,000.
    (812) 728-8181
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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
    8368 State Road 64 Georgetown, IN 47122
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