9-13 Jefferson St Martinsville, IN 46151
This exceptional mixed-use property, located at 9-13 N Jefferson Street in the heart of downtown Martinsville, Indiana, offers a unique investment opportunity. Spanning 19,150 square feet on a 0.17-acre lot, this historic building presents a wealth of possibilities for a discerning buyer. Originally a five-and-dime store, the property retains much of its original charm, including a nostalgic soda counter. While some cosmetic updates are recommended, the building boasts a significant recent improvement: a brand-new roof installed within the last year. The expansive interior space is ideal for a variety of commercial ventures, from retail establishments and trendy restaurants to unique event venues. Its prime location on the east side of the bustling downtown square ensures high visibility and foot traffic. The asking price for this remarkable property is $615,000. This is a rare chance to acquire a piece of Martinsville history and transform it into a thriving business. Don't miss this opportunity to own a landmark building in a vibrant and growing community.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.