Property profile

64 Main St Scottsburg, IN 47170

OFF-MARKET
Turn key restaurants
Property ID
US31-0345321
7,665 SF 0.1 ac lot Built 1912
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial opportunity presents a rare chance to acquire the historic T.H. Everitt Building in the thriving Scottsburg Square. This landmark property comprises two buildings totaling 12,449 square feet, offering significant versatility and immediate income potential. The first floor is currently operational, featuring a storefront, a fully equipped kitchen, brewery equipment, and commercial refrigeration. This established space provides a strong foundation for continued success or expansion. Upstairs, a large banquet room and additional space offer immense potential for redevelopment into offices, event space, or even residential apartments, catering to a variety of needs. The property boasts approximately 61 feet of combined window frontage, maximizing visibility and attracting customers. Its strategic location directly off I-65, as well as Highways 31 and 56, ensures high traffic volume and easy accessibility. This is an unparalleled opportunity to invest in a landmark property in a growing community, poised for significant returns. The property is priced at $484,000. The land area is 0 acres.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1912
Construction WOOD
Total area 7,665 SF
Lot 0.1 ac (4,534 SF)
APN 72-05-20-310-030.000-008
UPID US31-0345321

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

64 Main St Scottsburg, IN 47170-1839
Scottsburg metro Census 967100 SCOTTSBURG, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$135k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$140k

Owner & transaction history

since 2022
Last sale
$150,000
7 recorded transactions
2023
Price N/A
2022
$150,000
2021
Price N/A
2020
Price N/A
2019
Price N/A
2016
Price N/A
2015
$160,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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