432 Broadway St New Haven, IN 46774-1106
This exceptional 7,000 square foot retail property, located at 432 Broadway St, New Haven, IN 46774, presents a unique investment opportunity. The two-unit building, constructed in 1875 and renovated in 2019, sits on a 0.13-acre lot (APN: 02-13-12-161-011.000-041). Currently vacant, the property is available for occupancy on February 6, 2024, and offers a flexible floor plan. The ground floor is ideally suited for a restaurant, bar, or storefront, while the second floor presents potential for conversion into multi-family residential units. The property benefits from convenient access to ample parking, including a nearby city-owned lot and on-street parking, enhancing its appeal to both businesses and residents. This location is part of the revitalized Historic Broadway Street area, experiencing significant growth and offering a strong potential for return on investment. The asking price is $335,000. This presents a rare opportunity to own a piece of New Haven's history while capitalizing on its exciting future. The absence of special smoking licenses required in New Haven adds to the property's unique appeal.
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
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Property description
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Risks
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