N Meridian St Portland, IN 47371
- Commercial real estate
- 6,150 SF
- 3.16 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for N Meridian St
- Year built
- 1963
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 3.16 lot acres
- Property size
- 6,150 SF
- Property type
- Commercial real estate
- APN
- 38-07-16-200-007.000-034
- APU
- 380716200007000034
Description
This exceptional commercial property presents a compelling investment or owner-user opportunity in the thriving city of Portland, Indiana. Situated at 1609 N Meridian Street, this 6,150 square foot building sits on a 3.16-acre lot (APN: 38-07-16-200-007.000-034) and is currently vacant, offering immediate occupancy. Built in 1963, the single-story structure is classified as Class C and zoned HS Highway Service, making it suitable for a variety of uses including retail, service businesses, or office space. The property features a large overhead door and ample storage space, ideal for businesses requiring warehousing capabilities. The expansive lot includes approximately 1.53 acres of paved parking, providing convenient access and ample space for customers. An additional 1.29 acres of usable land offers potential for future expansion or development. The asking price is $395,000. This well-maintained building presents a rare opportunity to acquire a substantial property in a desirable location with high visibility and strong potential for growth. Don't miss this chance to secure a prime commercial asset in the heart of Portland.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Jay
- State
- Indiana
- Longitude
- -84.9774
- Latitude
- 40.4496