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    1315 Spg Hl Ctr Jeffersonville, IN 47130

    For Sale
    $500,000

    Six-unit retail center, high-traffic location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This prime six-unit retail center in Jeffersonville, Indiana, presents a compelling investment opportunity. Strategically located across from Clark Memorial Hospital, this property boasts excellent visibility and high traffic counts. The 0.5-acre site includes 20 parking spaces and currently houses six tenants, three of which are occupied by Smoker's Outlet, Spring Golden Spa, and a nail salon. Three units are currently vacant, offering significant potential for increased rental income or customized tenant improvements. Recent upgrades include a roof, gutter, and soffit replacement within the last two years. Each unit features separate tenant-paid utilities, front and rear exits, and its own bathroom. The property benefits from its proximity to bustling downtown Jeffersonville, numerous restaurants, and shopping centers, ensuring a strong tenant base and high demand. This location offers easy access to major roadways and enjoys exceptional visibility, making it an ideal investment for those seeking a strong return on investment in a thriving commercial area. The property's current occupancy and the potential for future growth make this a rare opportunity in a highly desirable Jeffersonville location. The combination of existing tenants and vacant units provides flexibility for investors to maximize their return.

    Property Features for 1315 Spg Hl Ctr

    General Information

    Property type
    Retail properties
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1981
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Jeffersonville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7486
    Latitude
    38.28368

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    FAQs

    What type of property is this?
    Retail property - Six-unit retail center, high-traffic location.
    Where is this retail property located?
    The property is located at 1315 Spg Hl Ctr Jeffersonville, IN.
    What is the asking price?
    The asking price for this property is $500,000.
    (812) 944-9800
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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
    1315 Spg Hl Ctr Jeffersonville, IN 47130
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