230 Montgomery Ave Clarksville, IN 47129
- Office Properties & Spaces
- 27,032 SF
- 0.84 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 230 Montgomery Ave
- Year built
- 1925
- Construction
- WOOD
- Lot size
- 0.84 lot acres
- Property size
- 27,032 SF
- Property type
- Office Properties & Spaces
- APN
- 10-14-00-103-238.000-012
- APU
- 101400103238000012
Description
This exceptional two-story, 20,997 square foot executive office complex in Clarksville, Indiana, presents a unique investment opportunity. Built in 1925 and renovated in 1970, this property boasts a rich history, having served as both a school and Clarksville's town government offices. Currently, the entire 20,997 square feet is available for lease, offering multiple tenancy options. The building features a first-floor space leasing for $3,400 per month, a second-floor space leasing for $3,900 per month, and a lower-level space leasing for $2,750 per month (all gross lease amounts). An attached 8,927 square foot gymnasium is also available for lease at $3,500 per month plus $2 per square foot for utilities, totaling $5,000 per month gross lease amount. The property is zoned B-1 and sits on a 0.8434-acre lot (per county assessor). Its prime location across from the Clarksville Little Theatre and Clarksville Aquatic Center, with easy access to I-65 and downtown Louisville, Kentucky, makes it highly desirable. All square footage sizes are estimated. The APN is 101400103238000012.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $415,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $530,000
- 6.5%
- $600,000
- 7%
- $585,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $555,000
- Geo Method
- $475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $540,000
- Retail
- $450,000
- Mixed-Use
- $575,000
- Hospitality
- $545,000
- Educational
- $570,000
- Residential Income
- $560,000
- Energy
- $450,000
- Income-Based Land
- $630,000
- Food Service
- $565,000
Location Insight
- Map
- Local Demand
- City
- Clarksville
- County
- Clark
- State
- Indiana
- Longitude
- -85.757
- Latitude
- 38.2784
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA