250 Alhambra AveFrankfort, IN 46041

This exceptional 5,490 square foot office building in Frankfort, Indiana, presents a unique investment opportunity. Priced at $415,000, this versatile property boasts a prime location at 250 Alhambra Ave, 46041, with convenient access from both Jackson Street and Alhambra Avenue. The two-story, Class B building, constructed in 1960, sits on a 0.428-square-foot lot and offers 32 parking spaces across two lots. The main floor features a welcoming reception area, eight offices or exam rooms, a conference room, several storage rooms, a laundry room, and three restrooms (one ADA accessible). The lower level includes a large recreation or meeting area, six additional offices or exam rooms, multiple storage rooms, a kitchenette, washer/dryer hookups, and two restrooms (one ADA accessible with a shower). The property is currently vacant and zoned C-Residential, offering flexibility for various uses, including executive, medical, or traditional office space, or even multi-family housing. The building's layout and ample parking make it an ideal space for a variety of businesses or residential conversions. This is a rare opportunity to acquire a substantial property in a desirable location with significant potential.