120 Pennsylvania StGreenfield, IN 46140

Property Details for 120 Pennsylvania St

Year built

1971

Construction

TYPE NOT SPECIFIED

Lot size

0.26 AC

Property size (Sq ft)

4,230 SF

Property type

Auto shops

APN

30-11-05-103-006.002-009

APU

301105103006002009

Description

This exceptional Greenfield, Indiana warehouse presents a compelling investment opportunity. Located at 120 S Pennsylvania St, this multi-tenant property boasts 4,230 square feet of space, ideal for retail or storage uses. Built in 1971, the building sits on a 0.26-acre lot and offers a strong net operating income (NOI) of $62,011, translating to an attractive 7.52% capitalization rate. The asking price is $825,000. Its prime location directly adjacent to The Depot Street Park provides excellent visibility and benefits from the park's numerous community events, including street festivals, concerts, and family movie nights. This high-traffic area ensures strong potential for tenant occupancy and future growth. The property's strategic position also presents exciting redevelopment possibilities for those seeking to capitalize on Greenfield's downtown revitalization. This is a rare chance to acquire a well-performing income-producing asset with significant upside potential in a thriving Indiana community. The property is zoned for industrial use.

• CAP approach

  CAP return

  Valuation

  6%

  $845,892

  6.5%

  $780,824

  7%

  $725,051

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,323,816

  Geo Method

  $1,323,816

• Alternative Use

  Use

  Valuation

  Residential

  $658,654

  Hospitality

  $603,324

  Educational

  $501,958

  Medical

  $519,221

  Retail

  $780,824

Location Insight

City

Greenfield

County

Hancock

State

Indiana

Latitude

39.7836

Longitude

-85.7719

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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