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    329 Gospel St Paoli, IN 47454

    For Sale
    $259,000

    High-traffic location, ample parking, great potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property at 329 N Gospel Street, Paoli, Indiana, presents a unique investment opportunity. The building, formerly Kemple Quick Lube, boasts over 4,500 square feet of space, complemented by a 960-square-foot basement featuring a service pit. The layout includes two offices and a waiting area, catering to a variety of business needs. Four overhead doors provide convenient access for vehicles and equipment. The property sits on a 0.36-acre lot and benefits from a prime location just three blocks south of Walmart, ensuring high visibility and significant foot traffic—the highest in Paoli. Ample customer parking is readily available. This offering includes a second parcel, identified as 59-06-36-342-016.000-012. The asking price of $259,000 represents a compelling value, offering the established business's infrastructure for the cost of the land and building alone. This presents a rare chance to acquire a well-situated commercial property with significant potential for immediate return on investment or future development. The property's established presence and high-traffic location make it an ideal choice for entrepreneurs and investors seeking a strong foothold in the Paoli market. The combination of building size, convenient location, and included second parcel makes this a truly exceptional opportunity.

    Property Features for 329 Gospel St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    15,682 SF

    Building Details

    Year Built
    1997
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paoli
    County
    Orange
    State
    Indiana
    Longitude
    -86.46924
    Latitude
    38.55917

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, ample parking, great potential.
    Where is this commercial real estate located?
    The property is located at 329 Gospel St Paoli, IN.
    What is the asking price?
    The asking price for this property is $259,000.
    (812) 723-4663
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    329 Gospel St 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
    329 Gospel St Paoli, IN 47454
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