1820 Park Pl Jeffersonville, IN 47130
- Commercial real estate
- 15,632 SF
- 0.83 lot acres
Current Use by Public Records
- Park Memorial United Methodist Church / Methodist Church / Church
- Park Memorial Family Life Center (FLC) / Religious Organization
- KidsCare Park Memorial United Methodist Church / Day Care Center
Property Details for 1820 Park Pl
- Year built
- 1960
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.83 lot acres
- Property size
- 15,632 SF
- Property type
- Commercial real estate
- APN
- 10-19-00-300-598.000-010
- APU
- 101900300598000010
Description
This exceptional Jeffersonville, IN commercial property presents a unique investment opportunity. The single-story building, constructed with durable brick and stone, offers 15,632 square feet of versatile space. High-quality features include custom thermopane windows, allowing abundant natural light, and elegant terrazzo flooring. The sanctuary boasts a soaring 23-foot ceiling, creating a majestic atmosphere, while the remaining areas feature 10-foot ceilings. Ample parking is provided with 30 dedicated spaces, ensuring convenient access. A significant advantage is the 634-square-foot attic, offering substantial storage or potential for expansion. The property sits on a 0.82-acre lot and is currently listed in three configurations: as a church, as a gymnasium, and as a combined church and gymnasium. This presents a flexible opportunity for various uses, catering to diverse needs and maximizing investment potential. The property's solid construction, desirable features, and ample space make it an attractive prospect for a wide range of buyers. This is a chance to acquire a substantial and well-maintained building in a prime location. The property's versatility and size make it ideal for a variety of commercial ventures.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $350,000
- 6.5%
- $360,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $410,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $380,000
- Mixed-Use
- $370,000
- Hospitality
- $330,000
- Educational
- $425,000
- Residential Income
- $340,000
- Energy
- $430,000
- Income-Based Land
- $370,000
- Food Service
- $400,000
Location Insight
- Map
- Local Demand
- City
- Jeffersonville
- County
- Clark
- State
- Indiana
- Longitude
- -85.7104
- Latitude
- 38.2878
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
