179 Gardner St Scottsburg, IN 47170-1125
This exceptional 2,070 square foot retail building is situated on a 0.25-acre lot in the heart of Scottsburg, Indiana, at 179 S Gardner Street. Currently generating strong rental income from three established businesses, this property presents a compelling investment opportunity. The building boasts a ten-year-old roof, ensuring long-term durability and minimizing immediate maintenance needs. The current tenants include a hair salon, a gift shop, and a medical office (A1-Med), paying monthly rents of $800, $500, and $1000 respectively, providing a consistent cash flow. A central HVAC system efficiently serves the entire building. The property's versatile layout allows for continued multi-tenant occupancy or can be easily renovated into a single, open floor plan to suit a variety of uses. Convenient internal amenities include a kitchen and two bathrooms. This prime Scottsburg location offers excellent visibility and accessibility, making it an ideal investment for both seasoned and new commercial property owners. The property is priced at $234,900, representing a significant return on investment. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a thriving Indiana community.
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All-Med First Aid & Safety Medical Laboratory
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.