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    401 1St St Paoli, IN 47454

    For Lease
    $6 SF/Yr ($16,896 /Mo)

    High-visibility retail space in Paoli, IN.

    Lot size:
    33,793 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This single-story, 33,793 square foot retail and office center is located at 401 SW 1st St, Paoli, IN 47454, at the intersection of Cherry and Oak Streets. The property, zoned GC, features five suites in a strip center configuration, with one building and a total of 33,793 square feet. Currently, there are 10,073 square feet of vacant space available, divisible into units ranging from 3,993 to 6,080 contiguous square feet. The center enjoys a highly visible location on SW First Street (Highway 37), just south of I-150, providing excellent accessibility and exposure. This prime retail location is anchored by Dollar Tree/Family Dollar, ensuring high traffic and visibility for potential tenants. The property's APN is 59-11-01-200-078.000-012, and it is situated in Orange County, Indiana. This presents a unique opportunity for businesses seeking established retail space in a thriving community. The property offers a blend of retail and traditional office space, making it suitable for a variety of uses. The convenient location and existing anchor tenants make this a compelling investment opportunity.

    Property Features for 401 1St St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,793 SF
    Total Rate
    16896.5

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 405
    Size
    6,080 SF
    Rate per SF
    $6
    Space
    Suite 403
    Size
    3,993 SF
    Rate per SF
    $6

    HighLights

    • First retail center on southern approach to Paoli.
    • Tenant improvement allowance available for qualified national tenants.
    • Additional development potential due to available side lot space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paoli
    County
    Orange
    State
    Indiana
    Longitude
    -86.47098802474
    Latitude
    38.551585649394

    Nearby Comparable

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    Nearby Similar for Lease

    • Contact for pricing
      6,080 SF

      Retail Center in Paoli, Indiana

      Highly visible retail center anchored by Dollar Tree/Family Dollar.
      401-405 SW 1St St, Paoli, IN 47454
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - High-visibility retail space in Paoli, IN.
    Where is this neighborhood center located?
    The property is located at 401 1St St Paoli, IN.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: First retail center on southern approach to Paoli.; Tenant improvement allowance available for qualified national tenants.; Additional development potential due to available side lot space.
    Request Owner's contact information
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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
    401 1St St Paoli, IN 47454
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