370-330 Morgan St Spencer, IN 47460
- Mixed-use properties
- 3,348 SF
- 0.59 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 370-330 Morgan St
- Year built
- 1940
- Lot size
- 0.59 lot acres
- Property size
- 3,348 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property presents a remarkable investment opportunity in the heart of Spencer, Indiana. Situated on a prominent corner lot (0.59 acres) along a main thoroughfare, this property boasts two substantial buildings and generous off-street parking, ensuring convenient access and high visibility. The main building, measuring 54 feet by 62 feet, features two large overhead doors opening into a spacious garage area, ideal for various uses. The interior also includes a retail space complete with a sales desk, two restrooms, and two offices. A significant 24-foot by 54-foot upstairs area offers versatile potential for expansion or additional workspace. A second building, a 32-foot by 62-foot by 14-foot pole barn, provides further storage or operational space, equipped with a 12-foot by 12-foot overhead door, a walk-in door, and concrete flooring. The property's current configuration includes an auto sales business, auto detailing service, and propane sales, demonstrating its adaptability to a wide range of commercial ventures. With its prime location, substantial square footage (3,348 square feet total), and flexible layout, this property offers significant potential for growth and diverse income streams. The asking price is $679,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spencer
- County
- Owen
- State
- Indiana
- Longitude
- -86.7582
- Latitude
- 39.2868
