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    343 Railroad St Scottsburg, IN 47170

    For Sale
    $462,550

    High-visibility industrial site, ample parking, near I-65.

    Property size:
    2,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 1.35-acre industrial property at 343 S Railroad Street, Scottsburg, Indiana, presents a unique investment opportunity. Boasting 2,400 square feet of existing building space, currently occupied by a recycling business, this site offers significant potential for redevelopment or continued use. The property's prime location provides excellent visibility and convenient access, situated just 800 feet from Highway 56 (McClain Ave) and a mere mile east of I-65 Exit 29. Ample parking is available, catering to the needs of any business. The existing building offers 2,400 square feet of versatile space suitable for a variety of uses, including retail, potentially making it ideal for a lumber retail store, as previously considered. The property's corner location also offers proximity to downtown Scottsburg. The seller demonstrates flexibility, expressing willingness to demolish existing structures to better accommodate a prospective buyer's specific business needs and plans. This presents a rare chance to acquire a strategically located industrial property with significant development potential in a growing area. The property's size and location make it an attractive option for businesses seeking high visibility and easy access to major transportation routes.

    Property Features for 343 Railroad St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,400 SF
    Lot Size
    58,806 SF

    Building Details

    Year Built
    1955
    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 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
    -85.77128
    Latitude
    38.68228

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility industrial site, ample parking, near I-65.
    Where is this commercial real estate located?
    The property is located at 343 Railroad St Scottsburg, IN.
    What is the asking price?
    The asking price for this property is $462,550.
    (812) 752-3844
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    343 Railroad St Scottsburg, IN 47170
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    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
    343 Railroad St Scottsburg, IN 47170
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