1704 Scatterfield RdAnderson, IN 46016

Property Details for 1704 Scatterfield Rd

Year built

1987

Lot size

0.48 AC

Property size (Sq ft)

2,613 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

48-12-17-200-373.000-003

APU

481217200373000003

Description

This exceptional investment opportunity presents a thriving quick-service restaurant (QSR) located at 1704 S Scatterfield Rd, Anderson, IN 46016. The property boasts 2,276 square feet of space, situated on a highly visible street-front location within a vibrant commercial area characterized by a high volume of pedestrian and vehicular traffic. Built in 1987, this single-story building is zoned C and offers ample parking with 17 spaces available for customers and employees. Currently operating at 100% occupancy, this established business presents a strong track record of success. The asking price is $330,000, translating to a price per square foot of $144.99. Seller financing is available, making this an attractive proposition for investors seeking a lucrative and readily available income stream. The property's history as a KFC location speaks to its proven suitability for fast-food operations, and its prime location ensures continued success for future ventures. This is a rare chance to acquire a well-established, high-performing QSR in a desirable market. The property's strong financials and convenient location make it an ideal investment for both seasoned and emerging entrepreneurs. Don't miss this opportunity to own a piece of Anderson's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $478,514

  6.5%

  $441,706

  7%

  $410,155

• Comparable approach

  Method

  Valuation

  Relative Method

  $817,761

  Geo Method

  $817,761

• Alternative Use

  Use

  Valuation

  Residential

  $372,595

  Hospitality

  $341,295

  Educational

  $283,954

  Medical

  $293,719

  Retail

  $441,706

Location Insight

City

Anderson

County

Madison

State

Indiana

Latitude

40.0994

Longitude

-85.652

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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