For Sale
$475,000

3008 Middle RdJeffersonville, IN 47130

11,052 SF Office Building, $475,000

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional two-story, 11,052 square foot executive office building is situated on a 0.74-acre lot in Jeffersonville, Indiana, at 3008 Middle Road. The property, built in 1972 and classified as Class B, features a wood frame with brick veneer and a composition shingle roof, including two recently replaced cupolas. Currently zoned B1, the building is divided into six suites, with suites D and E (approximately 1100 and 1200 square feet respectively) available for lease at $1,250 and $1,500 per month, all utilities included. Each suite offers multiple offices, conference rooms, and kitchenettes, along with shared restrooms. The main level comprises approximately 5,526 square feet, divided into suites A and B/C, while the lower level also offers approximately 5,526 square feet, housing suites D, E, and F (a production area). Recent upgrades include exterior lighting (2023), security cameras (2023), a new A/C unit and furnace (2022), new gutters (2022), window replacements (2020), and updated carpeting and vinyl-plank flooring (2019). The asking price for the entire property is $475,000, representing a price per square foot of $42.98. The property is currently occupied by the owner's business and three other tenants. Note that the rear portion of the lot is in a floodway, and flood insurance is paid by the owner. The gross lease structure simplifies management. This presents a strong investment opportunity in a well-maintained building with recent updates and potential for increased rental income. The APN is 10-19-01-201-062.000-009.

Highlights

  • $475,000 asking price for this 11,052 square foot office building.
  • Class B, two-story executive office building on a 0.74-acre lot in Jeffersonville, Indiana.
  • Gross lease, 11,052 square feet at $42.98 per square foot.
  • Built in 1972, with recent updates including HVAC, security systems, and exterior improvements.
  • Currently multi-tenant occupied, with two lower-level suites available for lease at $1,250 and $1,500 per month respectively.

Property Details for 3008 Middle Rd

Property type
Office properties
Square Feet
11,052 SF
Class
B
Year Built
1972
Stories
2
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Jeffersonville
County
Clark
State
Indiana
Latitude
38.3119981
Longitude
-85.7021142
3008 Middle Rd, Jeffersonville, Indiana

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3008 Middle Rd
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