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Listed by Andrew Lohmiller • Lohmiller Real Estate
$ 425,000
Est. payment | /mo
4.72 Acres Lot
$ 425,000
Est. payment | /mo
4.72 Acres Lot
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 205155
Year Built 1945
Lot Size 4.719 Acres
Acres 4.719
Lot Dimensions 4.719 acres
Property Sub-Type Investment
Property Description
4.7 acres in a high visibility location at the intersection of US 50 & SR 101 with a daily traffic count of 9,722. The highest and best use of the site will be the eventual redevelopment for another commercial use; would be an excellent location for a large gas station and convenience store. Until then, the property has multiple income sources with 3 buildings. Building 1 is two units in excellent condition with a residential apartment on the first floor and a professional office on the second floor totaling 1,287 sq ft. Building 2 needs some work but is a 2,400 sq ft muti-purpose single story that could be used for retail, office or warehouse. Building 3 is 784 sq ft and is divided up into 10 mini self-storage units, all with exterior access. All of the units on the property are currently vacant allowing the next owner to set it up however they desire! Septic needs replaced, .28 acres adjacent to the US 50 / SR 101 intersection is owned by the State of Indiana and does not convey.
Location
State IN
County Ripley
Area Washington
Interior
Heating Individual, Forced Air, Gas
Cooling Central Air
Flooring Carpet, Tile, Concrete
Exterior
Parking Features None
Roof Type Metal
Building
Foundation Poured
Sewer Septic Tank
Nearby Locations