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    1280 Old State Rd Nashville, IN 47448

    For Sale
    $550,000

    Live & Invest: 2,240 sq ft, 0.25 acre

    Property size:
    2,240 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional property in Nashville, Indiana presents a rare opportunity to own both a comfortable home and a multi-tenant commercial building on a single 0.25-acre lot. The residential component, located at 1284 Old State Road 46, boasts 2,240 square feet of living space, including two main-level bedrooms each with ensuite bathrooms and built-in shelving. The primary suite features a step-in shower, double sinks, and a skylight. A finished walkout basement adds significant versatility, offering a family room with a wet bar, a bonus room (currently used as an office), and a utility/storage room. The main house also includes an updated kitchen, living room, dining room, and a screened porch. The commercial building, situated at 1280 Old State Road 46, provides a reliable stream of rental income, making this an ideal investment for those seeking to offset housing costs or build long-term wealth. The combined property offers a unique blend of comfortable living and smart financial investment, all within one convenient location. The asking price includes both the residential and commercial properties. This is a truly unique opportunity not to be missed.

    Property Features for 1280 Old State Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,240 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Nashville
    County
    Brown
    State
    Indiana
    Longitude
    -86.2337
    Latitude
    39.1987

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    FAQs

    What type of property is this?
    Commercial real estate - Live & Invest: 2,240 sq ft, 0.25 acre
    Where is this commercial real estate located?
    The property is located at 1280 Old State Rd Nashville, IN.
    What is the asking price?
    The asking price for this property is $550,000.
    (812) 988-2227
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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
    1280 Old State Rd Nashville, IN 47448
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