79 Gardner St Scottsburg, IN 47170
- Retail space
- 4,000 SF
- 0.21 lot acres
Current Use by Public Records
- Retail space
Property Details for 79 Gardner St
- Year built
- 1956
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.21 lot acres
- Property size
- 4,000 SF
- Property type
- Retail space
- APN
- 72-05-19-140-065.000-008
- APU
- 720519140065000008
Description
This exceptional Scottsburg commercial property presents a rare investment opportunity. Located at 79 N Gardner St, this offering encompasses two buildings and a substantial parking lot, totaling approximately 10,904 square feet on a 0.94-acre lot. The property enjoys a highly visible position, just 150 feet from the intersection of Highways 56 and 31, a four-way stop boasting a combined average daily traffic count exceeding 52,000 vehicles. Building A, recently updated, offers approximately 6904 square feet of versatile space. This includes designated office and waiting areas, a shop equipped with four overhead garage doors and a bathroom, a single garage, and additional warehouse storage accessible from Keith Street. Building B, approximately 4000 square feet, features a waiting room, restroom, and open shop space with one overhead door. The expansive parking lot provides ample off-street parking for both buildings and their patrons. This property's strategic location and substantial size make it ideal for a variety of commercial uses. The buildings are also available for sale separately (MLS#202406704, MLS#202406701). Priced at $950,000, this is a compelling opportunity to acquire a significant commercial presence in a high-traffic area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $420,000
- 6.5%
- $385,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $445,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $460,000
- Mixed-Use
- $380,000
- Hospitality
- $360,000
- Educational
- $340,000
- Residential Income
- $415,000
- Energy
- $350,000
- Income-Based Land
- $420,000
- Food Service
- $460,000
Location Insight
- Map
- Local Demand
- City
- Scottsburg
- County
- Scott
- State
- Indiana
- Longitude
- -85.7782
- Latitude
- 38.6867
- CBSA code
- 42500
- CBSA name
- SCOTTSBURG, IN MICROPOLITAN STATISTICAL AREA