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    622 Gospel St Paoli, IN 47454

    For Sale
    $399,000

    Spacious Paoli property, two lots, great potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property in Paoli, Indiana, presents a unique investment opportunity. Encompassing two lots totaling 0.28 acres, the property includes a functional garage at 622 N Gospel Street and an adjacent lot at 612 N Gospel Street. The garage itself is a well-equipped workspace featuring a downdraft ventilated paint booth, ensuring a clean and efficient environment. Six overhead doors provide ample access for vehicles and equipment. The property also boasts a reliable generator, providing power backup during outages. The car lifts within the garage are available for negotiation as part of the sale. The adjacent lot at 612 N Gospel Street offers significant potential for expansion, such as additional parking, once cleared. With its versatile layout and desirable location in Paoli, this property is ideal for a variety of commercial uses, offering both immediate functionality and long-term growth potential. The asking price for this combined property is $399,000. This is a rare opportunity to acquire a substantial commercial property with significant upside in a thriving Indiana community. Serious inquiries are encouraged.

    Property Features for 622 Gospel St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    12,197 SF

    Building Details

    Year Built
    1941
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Paoli
    County
    Orange
    State
    Indiana
    Longitude
    -86.46618
    Latitude
    38.56349

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    FAQs

    What type of property is this?
    Office Property / Space - Spacious Paoli property, two lots, great potential.
    Where is this office property / space located?
    The property is located at 622 Gospel St Paoli, IN.
    What is the asking price?
    The asking price for this property is $399,000.
    (812) 883-9555
    Request Owner's contact information
    622 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
    622 Gospel St Paoli, IN 47454
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