Freestanding Retail
For Sale
$675,000
1626 Spring Street, Jeffersonville, IN 47130
C2-zoned corner property supporting varied commercial uses, subject to local approvals.
Property Size1,620 SF
Lot Size0.59 Acres
Price / SF$416.67
Days on Market1436
Property Features for 1626 Spring Street
General Information
Standard status
Active
Size
1,620 SF
Total Parking Spaces
12
Lot size
0.59 Acres
Property subtype
Retail
Zoning
CN
Additional Details
Corner Location
Yes
Amenities
Water
Sewer
12 Parking Spaces
Building Details
Year Built
1998
Buildings
1
Listing Agency:
NextHome Wilson Real Estate Services
Listed By:
Stephannie Wilson · License #RB14039714
(502) 643-3062
Source:
Kcrea.resimplifi
Added: Nov 9, 2022
Changed: Oct 13
Last Checked: Oct 14 at 7:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome Wilson Real Estate Services
Investment Insights
Based on property information with market context.
This freestanding retail property includes a 1,620-square-foot building positioned on a 0.59-acre corner parcel. The site is zoned C2, supporting a range of commercial applications such as retail, office, and service-oriented businesses, with potential for mixed-use or multifamily development subject to local approvals.
The property is located at 1626 Spring Street in Jeffersonville, Indiana. Its corner setting provides access from two intersecting streets, while the building and site configuration allow for different commercial layouts and future use considerations.
The property is located at 1626 Spring Street in Jeffersonville, Indiana. Its corner setting provides access from two intersecting streets, while the building and site configuration allow for different commercial layouts and future use considerations.
Key Highlights
- 1,620 SF freestanding retail building
- 0.59‑acre corner lot
- C2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,555
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,100
$391.1K
Cap Rate 7%
$279,357
$279.4K
Cap Rate 9%
$217,278
$217.3K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$29.2K $18.00/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$27.9K $17.24/SF
− OpEx
−$8.4K −$5.17/SF
NOI
$19.6K $12.07/SF
Area
Clark County, IN
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,100
Cap Rate 7%
$279,357
Cap Rate 9%
$217,278
Alternative Uses
Best Use
Retail
$279.4K
$244.4K – $325.9K
NOI $19,555 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$471.0K
$412.1K – $549.5K
NOI $32,970 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47130, IN
48,481
Population
22,602
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
1,430
Density / Sq Mi
$68,412
Median Household Income
$40,941
Median Earnings
$1,090
Median Rent
$203,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Gigi's Blooms and More — 714 e 10th st, jeffersonville, in 47130
Frequently Asked Questions
What type of property is this?
Storefront property - C2-zoned corner property supporting varied commercial uses, subject to local approvals.
Where is this storefront property located?
The property is located at 1626 Spring Street Jeffersonville, IN.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,620 SF freestanding retail building; 0.59‑acre corner lot; C2 zoning
