2709 Patterson St Decatur, IN 46733
- Warehouses
- 96,249 SF
- 5.87 lot acres
Current Use by Public Records
- Warehouses
Property Details for 2709 Patterson St
- Year built
- 1983
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 5.87 lot acres
- Property size
- 96,249 SF
- Property type
- Warehouses
- APN
- 01-05-04-300-009.000-022
- APU
- 10504300009000022
Description
This exceptional 96,249-square-foot industrial manufacturing facility, situated on a 5.87-acre lot, presents a unique investment opportunity. Built in 1983, the single-story building boasts a generous 18-foot ceiling height, ideal for various industrial applications. The property features three loading docks and eight dock-high doors, ensuring efficient loading and unloading operations. Power is readily available with 120, 240, and 480-volt service. The building's layout includes ample warehouse/production space, complemented by dedicated office and break room areas. Its previous use as a fiberglass facility speaks to its structural integrity and adaptability. The property is zoned for industrial use and is conveniently located near Guy Brown Street. The seller is open to dividing sections of the building for lease, offering flexibility for potential tenants. This presents a rare chance to acquire a substantial industrial property with significant potential for various uses, including warehousing and manufacturing. The building's size, ample power supply, and convenient access make it an attractive option for businesses seeking a well-equipped and strategically located facility. The existing office and break room spaces offer immediate functionality, minimizing the need for extensive renovations. This property is ready for immediate occupancy and offers a strong return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,115,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $860,000
- 6.5%
- $875,000
- 7%
- $890,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $875,000
- Geo Method
- $730,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $925,000
- Retail
- $955,000
- Mixed-Use
- $900,000
- Hospitality
- $810,000
- Educational
- $815,000
- Residential Income
- $920,000
- Energy
- $735,000
- Income-Based Land
- $710,000
- Food Service
- $890,000
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Adams
- State
- Indiana
- Longitude
- -84.9531
- Latitude
- 40.8237
- CBSA code
- 19540
- CBSA name
- DECATUR, IN MICROPOLITAN STATISTICAL AREA
