65 Morgan St Martinsville, IN 46151-1447
This exceptional commercial property at 65 W Morgan Street, Martinsville, Indiana, presents a unique opportunity for adaptive reuse. Boasting over 15,309 square feet of space spread across three stories, this building offers unparalleled flexibility for a wide range of commercial ventures. Currently stripped down to its raw brick walls, the property is a blank canvas, ready for complete customization to meet your specific needs and vision. The existing metal roof ensures long-term protection and durability. Situated on a 0.15-acre lot, the property provides ample space for potential expansion or outdoor amenities, depending on your project requirements. The building's substantial size and adaptable nature make it ideal for a variety of uses, from large-scale retail or office space to a unique mixed-use development. The strategic location in Martinsville offers excellent visibility and accessibility, providing a strong foundation for a thriving business. This is a rare chance to acquire a significant commercial property with immense potential, allowing you to create a space perfectly tailored to your business objectives. The asking price is $450,000. Don't miss this opportunity to shape the future of your business in this prime Martinsville location.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.