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    230 Montgomery Ave Clarksville, IN 47129

    Sponsored
    For Lease
    $1.57 SF/Yr ($2,747 /Mo)

    Historic Clarksville Office Building, Multiple Suites Available

    Lot size:
    20,997 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story, 20,997 square foot executive office complex in Clarksville, Indiana, presents a unique investment opportunity. Built in 1925 and renovated in 1970, this property boasts a rich history, having served as both a school and Clarksville's town government offices. Currently, the entire 20,997 square feet is available for lease, offering multiple tenancy options. The building features a first-floor space leasing for $3,400 per month, a second-floor space leasing for $3,900 per month, and a lower-level space leasing for $2,750 per month (all gross lease amounts). An attached 8,927 square foot gymnasium is also available for lease at $3,500 per month plus $2 per square foot for utilities, totaling $5,000 per month gross lease amount. The property is zoned B-1 and sits on a 0.8434-acre lot (per county assessor). Its prime location across from the Clarksville Little Theatre and Clarksville Aquatic Center, with easy access to I-65 and downtown Louisville, Kentucky, makes it highly desirable. All square footage sizes are estimated. The APN is 101400103238000012.

    Property Features for 230 Montgomery Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,997 SF
    Total Rate
    2747.11

    Building Details

    Year Built/Renovated
    1925/1970
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    19,000 SF
    Rate per SF
    $5
    Space
    Available Spae
    Size
    20,997 SF
    Rate per SF
    $2
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7570116
    Latitude
    38.278314

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Clarksville Office Building, Multiple Suites Available
    Where is this office property / space located?
    The property is located at 230 Montgomery Ave Clarksville, IN.
    What is the lease rate?
    The lease rate is $2-$5 SF/Yr.
    Request Owner's contact information
    230 Montgomery Ave Clarksville, IN 47129
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    Clarksville, IN 47129
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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
    230 Montgomery Ave Clarksville, IN 47129
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