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Property profile & analytics
OFF-MARKET
Office Spaces

Terry Rd Austin, IN 47102

0.33 ac lot Built 1940
Property ID
Property summary
AI-generated overview

This exceptional 0.33-acre commercial property located on State Road 256 in Austin, Indiana, presents a compelling investment opportunity. Priced at $100,000, this commercially zoned lot offers significant potential for a variety of uses. The existing structure, totaling 2,400 square feet, includes an insulated garage with a bathroom, making it ideally suited for a garage, repair shop, or dealership. The property also features a large lean-to, adding extra storage or workspace. Its prominent corner lot location on State Road 256 ensures high visibility and accessibility, attracting significant foot and vehicle traffic. Note that this property must be purchased in conjunction with MLS #2022011050. This is a rare opportunity to acquire a well-situated commercial property in a growing area. The existing building's features, combined with the ample space and prime location, make this an attractive investment for entrepreneurs and business owners seeking a ready-to-use space or a development opportunity. The property's size and zoning provide flexibility for various commercial ventures. Don't miss this chance to secure a valuable asset in a desirable location. Serious inquiries only.

Property profile
Verified
Property type Office Spaces
Year built 1940
Lot 0.33 ac (14,375 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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