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    1302 Hackberry St Salem, IN 47167

    For Sale
    $639,000

    Profitable Business, Prime Location, High-Demand Equipment

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity presents a thriving second-generation business with its accompanying real estate, located at 1302 E Hackberry Street in Salem, Indiana. The property sits on a 0.65-acre lot, offering convenient access and high visibility across the street from a Walmart store. The sale includes the entire business, encompassing all assets as detailed in the corporate federal tax return, which will be provided to qualified buyers under a signed confidentiality agreement. A significant portion of the sale includes numerous CNC machines and other valuable equipment, a partial list of which is available in supplemental attachments. This presents a turnkey operation with immediate revenue potential. The current owner is prepared to offer a short-term transition period to ensure a smooth handover to the new owner. Furthermore, the business possesses the flexibility to be relocated, providing the new owner with considerable operational adaptability. The asking price for this combined real estate and business opportunity is $639,000. Serious inquiries only, and a signed confidentiality agreement is required before further details, including the complete asset list and financial information, are disclosed. This is a rare chance to acquire a well-established business with significant assets and a prime location. Don't miss this opportunity to own a profitable enterprise with substantial growth potential.

    Property Features for 1302 Hackberry St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    28,314 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Paynter Machine Works Machine Shop

    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
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.08604
    Latitude
    38.61496

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    FAQs

    What type of property is this?
    Office Property / Space - Profitable Business, Prime Location, High-Demand Equipment
    Where is this office property / space located?
    The property is located at 1302 Hackberry St Salem, IN.
    What is the asking price?
    The asking price for this property is $639,000.
    (812) 944-9800
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    1302 Hackberry St Salem, IN 47167
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    Salem, IN 47167
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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
    1302 Hackberry St Salem, IN 47167
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