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    FOR SALE
    Gas stations

    602 S Jefferson St, Huntington, IN 46750

    1,798 SF 0.48 ac lot Built 1970
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US31-1810046
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 602 S Jefferson Street in Huntington, Indiana, presents a unique investment opportunity. Situated on a 0.23-acre lot, the building offers significant potential for a variety of uses. Currently housing a U-Haul rental business generating approximately $15,000 in annual gross revenue, this established income stream can be transferred to the new owner. The property also features lifts suitable for an auto repair shop, providing an additional revenue stream or the possibility of expanding the existing business. The building's versatile layout and existing infrastructure make it an ideal choice for entrepreneurs seeking a ready-made business with established income or those looking to develop a new venture in a prime Huntington location. The asking price for this property is $595,000. The square footage of the building is not currently available. This is a rare opportunity to acquire a property with both established income and significant expansion potential in a thriving community. Serious inquiries are encouraged to explore this promising investment. The transfer of the U-Haul business is contingent upon a successful sale and mutually agreeable terms.

    Property profile
    Verified
    Property type Gas stations
    Use group SERVICE STATION (FULL SERVICE)
    Year built 1970
    Construction WOOD
    Total area 1,798 SF
    Lot 0.48 ac (20,764 SF)
    APN 35-05-14-300-241.500-005
    UPID US31-1810046
    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
    South Side Service INC · 7 yrs held
    South Side Service INC
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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