1430 Cedar St, Clarksville, IN 47129
For Sale
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This exceptional commercial property, located at 1430 Cedar Street in Clarksville, Indiana, presents a significant investment opportunity. Situated on a 0.87-acre lot, this 20,316 square foot building boasts a prime location just off I-65 at Lewis & Clark Parkway, ensuring high visibility and accessibility. The property is ideally positioned next to established businesses such as Golden Coral and Bob Evans restaurants, benefiting from significant foot traffic and convenient access to a variety of amenities. The surrounding area is characterized by a thriving mix of shopping, dining, and retail establishments, further enhancing its appeal. A hotel is also located nearby. The building itself is a former fitness facility, featuring exceptionally high ceilings and a spacious, open floor plan. Two fully tiled locker rooms, each equipped with showers and a sauna, are included, along with a built-in coffee/juice bar. Ample paved parking is available, accommodating at least 65 vehicles. This property is priced at $849,000, representing a significant discount from its appraised value of $1.45 million. Its strategic location, substantial size, and versatile layout make it an ideal investment for a variety of commercial uses. Schedule a viewing today to explore the potential of this remarkable opportunity.
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
Similar Nearby for Lease
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.