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Property profile & analytics
OFF-MARKET
Retirement homes

10388 In-662 Newburgh, IN 47630

11,279 SF 1.41 ac lot Built 1902
Property ID
Property summary
AI-generated overview

This exceptional 11,279 square foot mixed-use building presents a unique investment opportunity in Newburgh, Indiana. Located at 10389 IN-662, this two-story, Class B property sits on a 1.41-acre lot and boasts a rich history, having previously served as a residence, frame shop, and floral boutique. Built in 1902, the building showcases Greek Revival architectural charm, meticulously renovated to blend historic character with modern interiors. The property features vacant tenancy, providing flexibility for a variety of uses, including executive, medical, or traditional office space, retail, or even senior living, all permitted under its C1 zoning. The spacious layout includes warehouse space in the rear, adding to its versatility. With one unit across two stories, this property offers ample space for a single tenant or the potential for subdivision. The asking price is $850,000. This prime location and versatile space make this a truly exceptional opportunity for a discerning investor or business owner seeking a distinctive property with significant potential. The property's APN is 87-12-32-402-003.000-019 87-12-32-402-006.000-019.

Property profile
Verified
Property type Retirement homes
Year built 1902
Total area 11,279 SF
Lot 1.41 ac (61,420 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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