19 3Rd St Washington, IN 47501
This exceptional commercial property at 19 NE 3rd Street in Washington, Indiana, presents a unique investment opportunity. Boasting a prime location just one block from Main Street and the new Commons development, this historic building offers significant potential for a variety of uses. The main level encompasses over 4500 square feet of adaptable space, ideal for office, retail, or a mixed-use development. Its central downtown location provides easy access to local amenities, including restaurants, shops, and the vibrant events that characterize this desirable area. Adding to its appeal is an attached garage, providing convenient parking or storage. Furthermore, a partial basement offers additional storage or potential for expansion. The property also includes a substantial second floor, offering approximately 3280 square feet of additional space, perfect for expansion or additional commercial use. The 0.12-acre lot provides ample space for outdoor activities or potential future development. This property is priced at $79,500 and represents a rare chance to acquire a versatile and well-situated commercial building in a thriving downtown area. Don't miss this opportunity to own a piece of Washington's history and future.
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.
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.