624 State St Kingman, IN 47952
This exceptional commercial property, located at 624 E State Street in Kingman, Indiana, presents a unique investment opportunity. The building encompasses 1,248 square feet and sits on a generous 1.28-acre lot, offering ample space for a variety of commercial ventures. Currently, the property requires repairs and updates to become fully operational. However, this presents a significant advantage for a prospective buyer, allowing for customization and the creation of a business tailored to their specific needs and vision. The existing structure provides a solid foundation, ready to be transformed into a thriving enterprise. The expansive lot size offers additional possibilities, such as outdoor seating, parking, or even expansion of the existing building. The property's location in Kingman offers access to a local market and presents a chance to establish a strong presence within the community. This is an ideal opportunity for an entrepreneur seeking a blank canvas to build their dream business or an investor looking for a property with significant upside potential. The asking price of $50,000 makes this a highly attractive proposition in the current market. Don't miss this chance to acquire a versatile commercial property with substantial growth potential.
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
Property description
Physical attributes from public recordsZoning & alternative use
KINGM · Kingman, INCosts & 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.