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    OFF-MARKET
    Retail space

    79 Gardner St, Scottsburg, IN 47170-1101

    4,000 SF 0.21 ac lot Built 1956
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US31-0984674
    Property summary
    AI-generated overview

    This exceptional Scottsburg commercial property presents a rare investment opportunity. Located at 79 N Gardner St, this offering encompasses two buildings and a substantial parking lot, totaling approximately 10,904 square feet on a 0.94-acre lot. The property enjoys a highly visible position, just 150 feet from the intersection of Highways 56 and 31, a four-way stop boasting a combined average daily traffic count exceeding 52,000 vehicles. Building A, recently updated, offers approximately 6904 square feet of versatile space. This includes designated office and waiting areas, a shop equipped with four overhead garage doors and a bathroom, a single garage, and additional warehouse storage accessible from Keith Street. Building B, approximately 4000 square feet, features a waiting room, restroom, and open shop space with one overhead door. The expansive parking lot provides ample off-street parking for both buildings and their patrons. This property's strategic location and substantial size make it ideal for a variety of commercial uses. The buildings are also available for sale separately (MLS#202406704, MLS#202406701). Priced at $950,000, this is a compelling opportunity to acquire a significant commercial presence in a high-traffic area.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1956
    Construction TYPE NOT SPECIFIED
    Total area 4,000 SF
    Lot 0.21 ac (9,143 SF)
    APN 72-05-19-140-065.000-008
    UPID US31-0984674
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Joshua Russell Lee Coomer · 3 yrs held
    Joshua Russell Lee Coomer
    since 2023
    Last sale
    $350,000
    2 recorded transactions
    2023
    $350,000
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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