905 Market St Charlestown, IN 47111
- Retail space
- 1,334 SF
- 0.19 lot acres
Current Use by Public Records
- Papa John's Pizza / Pizza Restaurant
Property Details for 905 Market St
- Year built
- 1973
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.19 lot acres
- Property size
- 1,334 SF
- Property type
- Retail space
- APN
- 10-18-11-700-277.000-004
- APU
- 101811700277000004
Description
This exceptional commercial property, located at 905 Market Street in Charlestown, Indiana, presents a lucrative investment opportunity. The 1,334 square foot building (46ft x 29ft) sits on a 0.19-acre lot in a high-traffic area, boasting a daily traffic count of 15,855 vehicles. Its prime location is just one building from a traffic light and directly across the street from a Dollar General, ensuring excellent visibility and accessibility. The property currently generates a strong 8% cap rate with a monthly rent of $1986 under a NNN lease. However, the current tenant plans to vacate in 2022, opening up possibilities for new lease agreements or owner-occupancy. The building includes walk-in coolers and exhaust ducts, while the HVAC system (excluding hood and sinks) remains in place. Landlord responsibilities include structural repairs, exterior utilities, and roof repairs exceeding $2,000 annually. The property is situated in a flood zone
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Charlestown
- County
- Clark
- State
- Indiana
- Longitude
- -85.6679
- Latitude
- 38.4493
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
