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    Terry Rd Austin, IN 47102

    For Sale
    $100,000

    Prime Commercial Lot, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 0.33-acre commercial property located on State Road 256 in Austin, Indiana, presents a compelling investment opportunity. Priced at $100,000, this commercially zoned lot offers significant potential for a variety of uses. The existing structure, totaling 2,400 square feet, includes an insulated garage with a bathroom, making it ideally suited for a garage, repair shop, or dealership. The property also features a large lean-to, adding extra storage or workspace. Its prominent corner lot location on State Road 256 ensures high visibility and accessibility, attracting significant foot and vehicle traffic. Note that this property must be purchased in conjunction with MLS #2022011050. This is a rare opportunity to acquire a well-situated commercial property in a growing area. The existing building's features, combined with the ample space and prime location, make this an attractive investment for entrepreneurs and business owners seeking a ready-to-use space or a development opportunity. The property's size and zoning provide flexibility for various commercial ventures. Don't miss this chance to secure a valuable asset in a desirable location. Serious inquiries only.

    Property Features for Terry Rd

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Austin
    County
    Scott
    State
    Indiana
    Longitude
    -85.73892
    Latitude
    38.73647

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Commercial Lot, High Visibility
    Where is this office property / space located?
    The property is located at Terry Rd Austin, IN.
    What is the asking price?
    The asking price for this property is $100,000.
    (812) 565-9048
    Request Owner's contact information
    Terry Rd Austin, IN 47102
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    Austin, IN 47102
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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
    Terry Rd Austin, IN 47102
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