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Property profile & analytics
OFF-MARKET
Office Spaces

308 Oak St Paoli, IN 47454-1134

6,888 SF 0.22 ac lot Built 1966
Individually Owned 3-yr Hold Free & Clear
Property ID
US31-2332144
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1966
Construction WOOD
Total area 6,888 SF
Lot 0.22 ac (9,600 SF)
APN 59-11-01-230-218.000-012
UPID US31-2332144
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Safe Haven Recovery Engagement Cent · 3 yrs held
Safe Haven Recovery Engagement Cent
since 2023
Last sale
$240,000
3 recorded transactions
2023
Price N/A
2023
$240,000
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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