308 Oak St Paoli, IN 47454-1134
This exceptional commercial property at 308 S Oak Street, Paoli, Indiana, presents a unique investment opportunity. Spanning nearly 7,000 square feet of finished usable space on a 0.28-acre lot, this building offers incredible versatility. Currently configured as a church/recovery center, its adaptable layout is ideal for a wide range of businesses. The main level features a welcoming foyer/waiting area, two restrooms, two offices, and a substantial 1800-square-foot common room/meeting area perfect for gatherings or large-scale operations. A convenient laundry area is also located on this level. The property includes plumbing rough-in for two additional restrooms, enhancing future expansion possibilities. A fully equipped commercial kitchen is a standout feature, boasting a Vulcan cook stove with 10 burners and double exhaust fans, along with a 6x8 exterior walk-in freezer. Ample storage is available throughout the building. The basement level provides seven additional rooms suitable for offices or bedrooms, a full kitchen, and a large bathroom. Exterior features include a fully fenced backyard with a 20x24 shelter house and an 8x10 shed, providing additional storage or workspace. A 10-foot-wide gate ensures easy access for delivery trucks. Three HVAC units allow for independent climate control in different areas of the building. This property is priced at $249,900 and offers significant potential for a variety of commercial uses. The combination of size, features, and location makes this a truly exceptional 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
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.