809 8th St Anderson, IN 46012-4022
- Office Properties & Spaces
- 2,430 SF
- 0.15 lot acres
Nov 20, 2020
Current Use by Public Records
- Star Realty / Real Estate Agency
Property Details for 809 8th St
- Year built
- 1986
- Construction
- WOOD
- Lot size
- 0.15 lot acres
- Property size
- 2,430 SF
- Property type
- Office Properties & Spaces
- APN
- 48-12-07-303-145.000-003
- APU
- 481207303145000003
Description
This exceptional 2,430 square foot mixed-use commercial building presents a unique investment opportunity in Anderson, Indiana. Situated on a 0.3-acre lot, the property boasts a desirable location with easy access to downtown Anderson, State Road 32, Scatterfield Road, and Interstate 69, placing it within close proximity to Anderson University. The building features a striking brick exterior, complemented by a newer roof and HVAC system, ensuring both aesthetic appeal and operational efficiency. Recent upgrades include new LED lighting throughout, significantly reducing energy costs. A substantial parking lot, enhanced by a large canopy, provides ample space for customers and employees. The property benefits from excellent street visibility thanks to a prominent metal pylon sign. The interior offers considerable flexibility, suitable for a variety of commercial uses including office space, retail, or storage. While a small portion of the land is located within a designated flood plain, the building itself is entirely outside this area. The current ceiling tiles can be removed to reveal attractive wooden cathedral ceilings, adding a unique architectural element to the space. This property offers a blend of modern amenities and classic charm, making it an ideal investment for discerning buyers seeking a versatile and well-located commercial space.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $240,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $400,000
- 6.5%
- $370,000
- 7%
- $345,000
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Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Madison
- State
- Indiana
- Longitude
- -85.669
- Latitude
- 40.1077
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA