501 Market St Charlestown, IN 47111-1445
This exceptional commercial property, located at 501 Market Street in Charlestown, Indiana, presents a lucrative investment opportunity. Situated on a 0.26-acre lot directly on the four-lane Highway 3 (Market Street), this office building benefits from high visibility and easy access. Its advantageous position adjacent to Charlestown Park provides a desirable setting for a variety of businesses. Currently leased to a reliable tenant, this property offers immediate and consistent rental income. The existing lease agreement ensures a secure return on investment until April 30, 2025. This provides a substantial period of guaranteed income for the new owner, minimizing risk and maximizing potential returns. Charlestown is experiencing significant growth, creating a thriving business environment. This property's location within this dynamic city makes it an attractive investment for both established businesses and savvy investors seeking a strong return. The property's size, while not specified in square footage, offers a substantial space for a variety of commercial uses, capitalizing on the high traffic volume of Market Street and the proximity to Charlestown Park. This is a rare opportunity to acquire a well-situated, income-generating commercial property in a rapidly developing area. Don't miss this chance to add a valuable asset to your portfolio.
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H&R Block Tax Preparation
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.