Terry Rd Austin, IN 47102
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.