640 Main NE St Palmyra, IN 47164-8894
This exceptional commercial property, located at 640 Main Street NE in Palmyra, Indiana, presents a unique investment opportunity. Situated directly on Highway 150, this prominent location offers unparalleled visibility and accessibility within the heart of Palmyra. The property, formerly Haub Hardware, boasts a rich history and a versatile layout suitable for a wide range of business ventures. The building includes a substantial amount of space adaptable to various needs, featuring a convenient loading dock, a spacious garage, and existing apartment units. The retail space offers significant potential for a variety of businesses, and the property's configuration allows for division into smaller, more manageable units to accommodate specific business requirements. The existing structure provides a solid foundation for immediate occupancy, while the adaptable design allows for customization to meet the unique needs of a prospective tenant or owner. All aspects of the build-out are negotiable, ensuring a flexible and collaborative approach to establishing a successful business within this prime location. This is an exceptional chance to acquire a well-positioned, historically significant property with significant potential for growth and profitability in a thriving community. The property is priced at $1. The lot size is 0 acres.
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & 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.