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    14285 Greene St Palmyra, IN 47164

    For Sale
    $175,000

    Unique 1900s building, renovated, ample parking.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 2000 sq ft property, located at 14285 Greene Street NE in Palmyra, Indiana, presents a rare business opportunity. Built circa 1900, this charming building has undergone a significant renovation, boasting brand new flooring, light fixtures, bathrooms, doors, and trim throughout. The extensive updates extend to the roof and HVAC system, both installed in 2021, ensuring modern functionality within its historic shell. A striking feature is the wraparound covered front porch, adding significant curb appeal and creating a welcoming atmosphere. The spacious interior offers immense potential for a variety of commercial uses, including office space or a restaurant/coffee shop, catering to the needs of the Palmyra community. Abundant parking is available, a significant advantage for any business. A well-maintained, two-car detached garage with new overhead doors provides additional storage and convenience. The property sits on a 0.34-acre lot. Please note that square footage, taxes, and acreage should be independently verified by the buyer. This is a truly unique opportunity to own a piece of Palmyra's history while benefiting from modern amenities and significant potential for commercial success.

    Property Features for 14285 Greene St

    General Information

    Property type
    Investment properties
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmyra
    County
    Harrison
    State
    Indiana
    Longitude
    -86.10971
    Latitude
    38.40916

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    FAQs

    What type of property is this?
    Investment property - Unique 1900s building, renovated, ample parking.
    Where is this investment property located?
    The property is located at 14285 Greene St Palmyra, IN.
    What is the asking price?
    The asking price for this property is $175,000.
    (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
    14285 Greene St Palmyra, IN 47164
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