1209 E Morgan St Martinsville, IN 46151
For Sale
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This exceptional single-tenant office building at 1209 E Morgan St presents a rare investment opportunity, hitting the open market for the first time. Built in 1978 and renovated in 2000, this 2,000 square foot property sits on a 0.4-acre lot and is zoned B2. The building boasts a classic brick exterior, ample paved parking accommodating 17 vehicles, and convenient access with four entry/exit points. Inside, you'll find a well-designed layout including a conference room, a large open flex space ideal for various uses, seven private offices, two bathrooms, and a full kitchen. The current tenant lease expires November 30, 2024; please refrain from contacting the occupants directly. Several interior walls are easily removable, offering significant flexibility to customize the space and create larger offices or work areas to suit your needs. Furthermore, a spacious attic presents potential for conversion or expansion, adding valuable square footage. This property is perfect for a variety of uses, including traditional office, medical office, or creative office space. The single-story building offers convenient access and functionality.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.