Property profile

6595 State Highway 7 Scipio, IN 47273

OFF-MARKET
Commercial real estate
2,224 SF 0.2 ac lot Built 1911
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Property summary

AI-generated overview

This attractive 2,224 square foot brick building, located at 6595 N State Highway 7 in Scipio, Indiana, presents a unique investment opportunity. Currently housing Scipio Pizza, the property boasts a recently updated interior. Significant improvements within the last three years include a complete HVAC system replacement, electrical upgrades, and a remodeled bathroom. The sale includes all existing commercial kitchen equipment, the established business name, and additional equipment. A portion of the building is currently vacant, offering versatile potential. This space could easily be converted into office space, additional storage, a retail outlet, or another income-generating venture. The 0.2-acre lot provides ample space for operations and potential expansion. This property is ideally situated in the heart of Scipio, offering excellent visibility and accessibility. The combination of a successful existing business and the potential for further development makes this a compelling investment prospect for savvy buyers seeking a turnkey operation with significant upside. The property is priced at $219,000. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Year built 1911
Total area 2,224 SF
Lot 0.2 ac (8,712 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6595 State Highway 7 Scipio, IN 47273
Scipio metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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