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Property profile & analytics
OFF-MARKET
Retail space

79 Gardner St Scottsburg, IN 47170-1101

4,000 SF 0.21 ac lot Built 1956
Individually Owned 3-yr Hold Free & Clear
Property ID
US31-0984674
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1956
Construction TYPE NOT SPECIFIED
Total area 4,000 SF
Lot 0.21 ac (9,143 SF)
APN 72-05-19-140-065.000-008
UPID US31-0984674
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Joshua Russell Lee Coomer · 3 yrs held
Joshua Russell Lee Coomer
since 2023
Last sale
$350,000
2 recorded transactions
2023
$350,000
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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