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Property profile & analytics
OFF-MARKET
Office Spaces

402 Main St Paoli, IN 47454-1035

1,160 SF 0.26 ac lot Built 1952
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US31-1310151
Property summary
AI-generated overview

This exceptional commercial property, located at 402 W Main Street in Paoli, Indiana, presents a fantastic opportunity for a variety of businesses. Priced at $120,000, this office building boasts a highly desirable location, offering excellent visibility and accessibility. Situated on a busy stretch of Main Street, the property benefits from significant road frontage, ensuring high traffic exposure and easy customer access. The building's proximity to schools, restaurants, and downtown shops provides added convenience and attracts a steady flow of potential clients. City utilities, including Indiana Natural Gas, are already connected, simplifying the setup process for new occupants. High-speed internet access is readily available through Orange County High Fiber Optic Internet. Ample parking is provided on-site, eliminating parking concerns for both employees and customers. A significant advantage is the inclusion of a lot behind the building, offering additional space for expansion, storage, or outdoor activities. Possession of the property is granted at the closing of the sale. This is an ideal opportunity for a professional office or retail business seeking a prominent location in a thriving community. The combination of location, amenities, and included land makes this a truly compelling investment.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1952
Construction WOOD
Total area 1,160 SF
Lot 0.26 ac (11,250 SF)
APN 59-11-01-201-037.007-012
UPID US31-1310151
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
Mspvape & Smoke INC · 3 yrs held
Mspvape & Smoke INC
since 2023
2 recorded transactions
2023
Price N/A
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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