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    640 Main St Palmyra, IN 47164

    For Sale
    Contact for pricing

    Historic building, multiple uses, highway frontage.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property, located at 640 Main Street NE in Palmyra, Indiana, presents a unique investment opportunity. Situated directly on Highway 150, this prominent location offers unparalleled visibility and accessibility within the heart of Palmyra. The property, formerly Haub Hardware, boasts a rich history and a versatile layout suitable for a wide range of business ventures. The building includes a substantial amount of space adaptable to various needs, featuring a convenient loading dock, a spacious garage, and existing apartment units. The retail space offers significant potential for a variety of businesses, and the property's configuration allows for division into smaller, more manageable units to accommodate specific business requirements. The existing structure provides a solid foundation for immediate occupancy, while the adaptable design allows for customization to meet the unique needs of a prospective tenant or owner. All aspects of the build-out are negotiable, ensuring a flexible and collaborative approach to establishing a successful business within this prime location. This is an exceptional chance to acquire a well-positioned, historically significant property with significant potential for growth and profitability in a thriving community. The property is priced at $1. The lot size is 0 acres.

    Property Features for 640 Main St

    General Information

    Property type
    Investment properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Skin Care Clinic Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmyra
    County
    Harrison
    State
    Indiana
    Longitude
    -86.11119
    Latitude
    38.4085

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    FAQs

    What type of property is this?
    Investment property - Historic building, multiple uses, highway frontage.
    Where is this investment property located?
    The property is located at 640 Main St Palmyra, IN.
    What is the asking price?
    The asking price for this property is $1.00.
    (812) 728-8181
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    640 Main St Palmyra, IN 47164
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    Palmyra, IN 47164
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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
    640 Main St Palmyra, IN 47164
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