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    1189 Hospital Rd Paoli, IN 47454

    For Sale
    $128,000

    Spacious renovated building, ideal for various businesses. High visibility, ample parking.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional business opportunity in Paoli, Indiana presents a fully renovated 1800 square foot brick and block building situated on a 2.01-acre lot. The property boasts 80 feet of road frontage along a busy corridor, ensuring high visibility and convenient access for customers. Recent renovations include completely updated electrical, plumbing, and HVAC systems, providing modern and efficient infrastructure. The interior features an open and spacious layout, perfect for a variety of business uses. Four plumbed workstations, a separate office, a utility sink, and one bathroom cater to diverse operational needs. A dedicated mechanical room ensures easy maintenance. The epoxy flooring is durable and easy to clean, while fresh interior paint provides a modern aesthetic. The property is zoned for general industrial use, opening up a wide range of possibilities for entrepreneurs. Extensive gravel parking is available, with additional acreage providing room for future expansion. This turnkey property is ready for immediate occupancy and presents a unique chance to establish or relocate a business in a thriving location.

    Property Features for 1189 Hospital Rd

    General Information

    Property type
    Investment properties
    Lot Size
    87,556 SF

    Building Details

    Year Built
    1979
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paoli
    County
    Orange
    State
    Indiana
    Longitude
    -86.48104
    Latitude
    38.56366

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    FAQs

    What type of property is this?
    Investment property - Spacious renovated building, ideal for various businesses. High visibility, ample parking.
    Where is this investment property located?
    The property is located at 1189 Hospital Rd Paoli, IN.
    What is the asking price?
    The asking price for this property is $128,000.
    (317) 888-3311
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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

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    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
    1189 Hospital Rd Paoli, IN 47454
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