329 N Gospel St, Paoli, IN 47454
For Sale
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This exceptional commercial property at 329 N Gospel Street, Paoli, Indiana, presents a unique investment opportunity. The building, formerly Kemple Quick Lube, boasts over 4,500 square feet of space, complemented by a 960-square-foot basement featuring a service pit. The layout includes two offices and a waiting area, catering to a variety of business needs. Four overhead doors provide convenient access for vehicles and equipment. The property sits on a 0.36-acre lot and benefits from a prime location just three blocks south of Walmart, ensuring high visibility and significant foot traffic—the highest in Paoli. Ample customer parking is readily available. This offering includes a second parcel, identified as 59-06-36-342-016.000-012. The asking price of $259,000 represents a compelling value, offering the established business's infrastructure for the cost of the land and building alone. This presents a rare chance to acquire a well-situated commercial property with significant potential for immediate return on investment or future development. The property's established presence and high-traffic location make it an ideal choice for entrepreneurs and investors seeking a strong foothold in the Paoli market. The combination of building size, convenient location, and included second parcel 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.