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    1626 Spring St Jeffersonville, IN 47130

    Sponsored
    For Sale
    $1,500,000

    Former Sonic, High-Traffic Location

    Property size:
    1,620 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,620 square foot retail property, situated on a 0.577-acre lot in Jeffersonville, Indiana, presents a unique investment opportunity. Previously a Sonic Drive-In, the building is currently 100% occupied and boasts a versatile layout suitable for a variety of uses. Located at 1626 Spring St, within the planned Claysburg commercial district, this single-tenant building offers significant upside potential due to the area's ongoing revitalization and development. The asking price is $1,500,000, translating to $925.93 per square foot. The property's classification includes gas station, quick-service restaurant (QSR), and storefront uses, reflecting its adaptability. The gross lease structure simplifies ownership, and the property is offered for sale by owner. This prime location within the burgeoning Claysburg project offers unparalleled access to a growing customer base and significant future growth prospects. The property's strategic positioning within the planned commercial district ensures high visibility and accessibility, making it an ideal investment for owner-users seeking a strong return on investment. The 47130 zip code further underscores its desirability. This is a rare chance to acquire a well-located, adaptable retail space in a rapidly developing area.

    Property Features for 1626 Spring St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,620 SF
    Lot Size
    25,134 SF

    Building Details

    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Nu Look Barber ... Barber Shop

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Jeffersonville
    County
    Clark
    State
    Indiana
    Longitude
    -85.7489193
    Latitude
    38.2877255

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    FAQs

    What type of property is this?
    Individual retail property - Former Sonic, High-Traffic Location
    Where is this individual retail property located?
    The property is located at 1626 Spring St Jeffersonville, IN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    Request Owner's contact information
    1626 Spring St Jeffersonville, IN 47130
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    Jeffersonville, IN 47130
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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
    1626 Spring St Jeffersonville, IN 47130
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