64 Main St Scottsburg, IN 47170
- Turn key restaurants
- 7,665 SF
- 0.10 lot acres
Current Use by Public Records
- Time Zone Pizza Arcade / Pizza Restaurant
Property Details for 64 Main St
- Year built
- 1912
- Construction
- WOOD
- Lot size
- 0.10 lot acres
- Property size
- 7,665 SF
- Property type
- Turn key restaurants
- APN
- 72-05-20-310-030.000-008
- APU
- 720520310030000008
Description
This exceptional commercial opportunity presents a rare chance to acquire the historic T.H. Everitt Building in the thriving Scottsburg Square. This landmark property comprises two buildings totaling 12,449 square feet, offering significant versatility and immediate income potential. The first floor is currently operational, featuring a storefront, a fully equipped kitchen, brewery equipment, and commercial refrigeration. This established space provides a strong foundation for continued success or expansion. Upstairs, a large banquet room and additional space offer immense potential for redevelopment into offices, event space, or even residential apartments, catering to a variety of needs. The property boasts approximately 61 feet of combined window frontage, maximizing visibility and attracting customers. Its strategic location directly off I-65, as well as Highways 31 and 56, ensures high traffic volume and easy accessibility. This is an unparalleled opportunity to invest in a landmark property in a growing community, poised for significant returns. The property is priced at $484,000. The land area is 0 acres.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $140,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $170,000
- 6.5%
- $170,000
- 7%
- $185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $190,000
- Geo Method
- $180,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $195,000
- Retail
- $170,000
- Mixed-Use
- $220,000
- Hospitality
- $190,000
- Educational
- $205,000
- Residential Income
- $220,000
- Energy
- $180,000
- Income-Based Land
- $180,000
- Food Service
- $185,000
Location Insight
- Map
- Local Demand
- City
- Scottsburg
- County
- Scott
- State
- Indiana
- Longitude
- -85.7707
- Latitude
- 38.6851
- CBSA code
- 42500
- CBSA name
- SCOTTSBURG, IN MICROPOLITAN STATISTICAL AREA