Recreation Center with Pool &
12701 Covered Bridge Road Sellersburg, IN 47172
12701 Covered Bridge Road, Sellersburg, IN, 47172
$699,900
For Sale
$699,900
COMMERCIAL - Sellersburg, IN
Property Size4,464 SF
Lot Size1.78 Acres
Price / SF$156.79
Days on Market47
Property Features for 12701 Covered Bridge Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 42
- Standard status
- Active
- APN
- 104516500203000043
- Size
- 4,464 SF
- Lot size
- 1.78 Acres
Taxes and HOA fees
- Tax Year
- 4051
- Tax Description
- COVERED BRIDGE REPLAT REC. CENTER 1.267 AC AND COVERED BRIDGE PARKING .513
- Tax Annual Amount
- 1400
Building Details
- Year built
- 2000
Listing Agency
Schuler Bauer Real Estate Services ERA Powered (N
(812) 948-2888
4206 Charlestown Road, # 200, New Albany, IN
Listed by
Jesse Niehaus · License #RB14038872
(812) 948-2888
Added: Jun 3 Checked: Jul 19 at 4:06 am
MLS# 202608638
Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This recreation center offers a turnkey setup and a strong amenities package, with an exterior featuring a 50' x 30' gunite pool and a kids' pool, both renovated in 2024. The property also includes a covered patio area with tables, pool storage/mechanical building, a resurfaced pool deck, and space for outdoor lounging and gatherings. Outdoor recreation continues with two tennis/pickleball courts, a basketball court, and a playground area. On-site parking is approximately 40 spaces.
Inside, the main level includes men’s and women’s restrooms with multiple toilets, showers, and lockers, along with a party room featuring a kitchen and French doors leading to the covered patio area. A workout room with updated rubber flooring and workout equipment is also on the main level. The lower level provides two large offices, a conference room with a sink, three smaller offices, a kitchenette, and 1.5 baths.
Significant improvements have been made since 2018, including complete pool renovation, resurfaced tennis/pickleball courts and pool deck, updated roof, landscaping, security system/cameras and swipe cards, parking lot lighting, and new flooring in the offices. Memberships are currently sold with multiple package options and are honored through the end of 2026.
Inside, the main level includes men’s and women’s restrooms with multiple toilets, showers, and lockers, along with a party room featuring a kitchen and French doors leading to the covered patio area. A workout room with updated rubber flooring and workout equipment is also on the main level. The lower level provides two large offices, a conference room with a sink, three smaller offices, a kitchenette, and 1.5 baths.
Significant improvements have been made since 2018, including complete pool renovation, resurfaced tennis/pickleball courts and pool deck, updated roof, landscaping, security system/cameras and swipe cards, parking lot lighting, and new flooring in the offices. Memberships are currently sold with multiple package options and are honored through the end of 2026.
Key Highlights
- Recreation center built in 2000 on 1.77 acres in the Covered Bridge Golf Community
- Exterior amenities include a 50' x 30' gunite pool plus a kids' pool, both renovated in 2024
- Court and recreation facilities: two tennis/pickleball courts, a basketball court, and a playground area
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.0k | $15.00 |
| − Vacancy | −$7.7k | −$1.73 |
| EGI | $59.3k | $13.28 |
| − OpEx | −$31.1k | −$6.97 |
| NOI | $28.1k | $6.31 |
4,464 SF · lease $15.00/SF/yr · vacancy 11.50% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$402.1K
$351.9K – $469.1K
NOI $28,148 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,851 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fuzzy Zoeller Productions ...
Advertising Agency
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FAQs
What type of property is this?
Fitness center & gym - Turnkey recreation center with a renovated gunite pool, workout room, and multiple indoor offices.
Where is this fitness center & gym located?
The property is located at 12701 Covered Bridge Road Sellersburg, IN.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Recreation center built in 2000 on 1.77 acres in the Covered Bridge Golf Community; Exterior amenities include a 50' x 30' gunite pool plus a kids' pool, both renovated in 2024; Court and recreation facilities: two tennis/pickleball courts, a basketball court, and a playground area
