179 Gardner St Scottsburg, IN 47170
- Retail space
- 2,070 SF
- 0.26 lot acres
Current Use by Public Records
- All-Med First Aid & Safety / Medical Laboratory
Property Details for 179 Gardner St
- Year built
- 1945
- Construction
- WOOD
- Lot size
- 0.26 lot acres
- Property size
- 2,070 SF
- Property type
- Retail space
- APN
- 72-05-19-410-039.000-008
- APU
- 720519410039000008
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Scottsburg
- County
- Scott
- State
- Indiana
- Longitude
- -85.7781
- Latitude
- 38.6845
- CBSA code
- 42500
- CBSA name
- SCOTTSBURG, IN MICROPOLITAN STATISTICAL AREA
