1900 4Th StTerre Haute, IN 47804

Property Details for 1900 4Th St

Year built

1957

Construction

WOOD

Lot size

0.24 AC

Property size (Sq ft)

7,085 SF

Property type

Office properties

Property subtype

Other office properties

APN

84-06-33-212-001.000-002

APU

840633212001000002

Description

This exceptional 1.5-acre industrial property, located at 1900 N 4th St in Terre Haute, Indiana, presents a unique investment opportunity. Priced at $369,000, this lot is the only property of its size on N. 4th Street in close proximity to the hospital. The property's current zoning requires rezoning for intended use, offering potential for significant future value. Situated in Vigo County, with a zip code of 47804, the property's coordinates are 39.488585 latitude and -87.413213 longitude. Its classification encompasses industrial, land, and special purpose designations, making it suitable for a variety of commercial developments. The substantial lot size provides ample space for construction or expansion projects. Given its strategic location and the potential for rezoning, this property represents a compelling investment prospect for developers and entrepreneurs seeking a prime location in Terre Haute. The unique size and proximity to the hospital make this a rare opportunity in the local market. Interested parties should conduct their own due diligence regarding zoning regulations and potential development plans.

• CAP approach

  CAP return

  Valuation

  6%

  $1,082,878

  6.5%

  $999,580

  7%

  $928,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $609,877

  Geo Method

  $609,877

• Alternative Use

  Use

  Valuation

  Residential

  $1,239,479

  Hospitality

  $1,135,356

  Educational

  $944,603

  Medical

  $977,089

  Retail

  $1,469,382

Location Insight

City

Terre Haute

County

Vigo

State

Indiana

Latitude

39.4459

Longitude

-87.4121

CBSA code

45460

CBSA name

TERRE HAUTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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