308 Oak St Paoli, IN 47454
- Office Properties & Spaces
- 6,888 SF
- 0.22 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 308 Oak St
- Year built
- 1966
- Construction
- WOOD
- Lot size
- 0.22 lot acres
- Property size
- 6,888 SF
- Property type
- Office Properties & Spaces
- APN
- 59-11-01-230-218.000-012
- APU
- 591101230218000012
Description
This exceptional commercial property at 308 S Oak Street, Paoli, Indiana, presents a unique investment opportunity. Spanning nearly 7,000 square feet of finished usable space on a 0.28-acre lot, this building offers incredible versatility. Currently configured as a church/recovery center, its adaptable layout is ideal for a wide range of businesses. The main level features a welcoming foyer/waiting area, two restrooms, two offices, and a substantial 1800-square-foot common room/meeting area perfect for gatherings or large-scale operations. A convenient laundry area is also located on this level. The property includes plumbing rough-in for two additional restrooms, enhancing future expansion possibilities. A fully equipped commercial kitchen is a standout feature, boasting a Vulcan cook stove with 10 burners and double exhaust fans, along with a 6x8 exterior walk-in freezer. Ample storage is available throughout the building. The basement level provides seven additional rooms suitable for offices or bedrooms, a full kitchen, and a large bathroom. Exterior features include a fully fenced backyard with a 20x24 shelter house and an 8x10 shed, providing additional storage or workspace. A 10-foot-wide gate ensures easy access for delivery trucks. Three HVAC units allow for independent climate control in different areas of the building. This property is priced at $249,900 and offers significant potential for a variety of commercial uses. The combination of size, features, and location makes this a truly exceptional opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $190,000
- 6.5%
- $170,000
- 7%
- $165,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $190,000
- Geo Method
- $185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $215,000
- Retail
- $190,000
- Mixed-Use
- $210,000
- Hospitality
- $160,000
- Educational
- $190,000
- Residential Income
- $175,000
- Energy
- $195,000
- Income-Based Land
- $210,000
- Food Service
- $200,000
Location Insight
- Map
- Local Demand
- City
- Paoli
- County
- Orange
- State
- Indiana
- Longitude
- -86.4717
- Latitude
- 38.5508