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    Property profile & analytics
    FOR SALE
    Retail space

    1626 Spring St Jeffersonville IN, Jeff, IN 47130

    1,620 SF 0.58 ac lot Built 1998
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US31-0190612
    Property summary
    AI-generated overview

    This exceptional 1,620 square foot commercial property, located at 1626 Spring Street in Jeffersonville, Indiana, presents a unique investment opportunity within the burgeoning Claysburg revitalization project. Currently operating as a barber shop, this building boasts a rich history, having previously served as a Sonic Drive-In. Its strategic location places it at the heart of significant upcoming developments, promising substantial future growth and increased property value. The 0.58-acre lot offers ample space for potential expansion or outdoor amenities. The property's versatile layout and prime location make it ideal for a variety of commercial uses, catering to the evolving needs of the revitalized Claysburg neighborhood. This is a chance to capitalize on the significant investment and development occurring in this area, securing a foothold in a rapidly transforming commercial landscape. The property is priced at $1,500,000 and offers significant potential for return on investment given the planned improvements and increased foot traffic anticipated in the Claysburg area. Detailed plans for the Claysburg neighborhood revitalization are available online. This is a rare opportunity to acquire a well-positioned commercial property in a high-growth area.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1998
    Construction TYPE NOT SPECIFIED
    Total area 1,620 SF
    Lot 0.58 ac (25,134 SF)
    APN 10-20-00-800-336.000-010
    UPID US31-0190612
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Nu Look Barber & Styling Shop Barber Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Nu Look Barbershop LLC · 3 yrs held
    Nu Look Barbershop LLC
    since 2022
    Last sale
    $41,414
    2 recorded transactions
    2022
    2022
    $41,414
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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