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    4421 County Road 640 Paoli, IN 47454

    For Sale
    Contact for pricing

    Two Buildings, 0.86 Acres, Patoka Lake Area

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property presents a unique investment opportunity in Paoli, Indiana. Situated on 0.86 acres at the entrance to the Wildwood Association, just minutes from Patoka Lake and nestled within the Hoosier National Forest, this location offers unparalleled visibility and access. The property includes four lots at the corner of County Road 640 S and Wild Southview Drive, and features two metal-sided commercial buildings. The larger building boasts 2298+ square feet, a 128 square foot lean-to, electric heat, a concrete floor, copper wiring, two full bathrooms, a shower, public water, and a septic system. A second, newer building, constructed in 2012, offers an additional 192 square feet of space. Previously utilized as a general store and restaurant, this versatile property is zoned for both residential and commercial uses, providing a wide range of development possibilities. The property benefits from established infrastructure and is ready for immediate occupancy or redevelopment. Annual Wildwood Association dues are $100. This is an exceptional opportunity to acquire a well-located commercial property with significant potential in a desirable area.

    Property Features for 4421 County Road 640

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    37,462 SF

    Building Details

    Year Built
    2003
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Paoli
    County
    Orange
    State
    Indiana
    Longitude
    -86.54153
    Latitude
    38.46754

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    FAQs

    What type of property is this?
    Office Property / Space - Two Buildings, 0.86 Acres, Patoka Lake Area
    Where is this office property / space located?
    The property is located at 4421 County Road 640 Paoli, IN.
    What is the asking price?
    The asking price for this property is $1.00.
    (812) 738-9476
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    4421 County Road 640 Paoli, IN 47454
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    Paoli, IN 47454
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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
    4421 County Road 640 Paoli, IN 47454
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