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    440 Gardner St Scottsburg, IN 47170

    For Sale
    $325,000

    Eight-unit income property, Hwy 31 frontage

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property in Scottsburg, Indiana, presents a lucrative investment opportunity. The complex boasts eight rental units, ensuring consistent cash flow. A prominent feature is a large building with a storefront office space, ideal for a variety of businesses. Above the office, a spacious two-bedroom, one-bathroom apartment provides additional rental income. Below the office, four one-bedroom, one-bathroom apartments offer further rental potential. Two separate buildings each house a one-bedroom, one-bathroom apartment, adding to the overall rental count. Tenant convenience is maximized with an on-site coin-operated laundry facility. All units are equipped with central heating and air conditioning, and appliances are included. Currently, utilities are included in the monthly rent. The property sits on a 0.33-acre lot and benefits from significant road frontage on Highway 31/S. Gardner Street, ensuring high visibility and accessibility. A large blacktop parking area provides ample space for tenants and visitors. This turnkey operation offers immediate income generation and significant growth potential. The property is priced at $325,000.

    Property Features for 440 Gardner St

    General Information

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

    Building Details

    Year Built
    1980
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jill Yount CPA ... Accountant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsburg
    County
    Scott
    State
    Indiana
    Longitude
    -85.77869
    Latitude
    38.68199

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    FAQs

    What type of property is this?
    Office Property / Space - Eight-unit income property, Hwy 31 frontage
    Where is this office property / space located?
    The property is located at 440 Gardner St Scottsburg, IN.
    What is the asking price?
    The asking price for this property is $325,000.
    (812) 752-3844
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    440 Gardner St Scottsburg, IN 47170
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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
    440 Gardner St Scottsburg, IN 47170
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