602 Jefferson StHuntington, IN 46750

Property Details for 602 Jefferson St

Year built

1970

Construction

WOOD

Lot size

0.48 AC

Property size (Sq ft)

1,798 SF

Property type

Gas stations

APN

35-05-14-300-241.500-005

APU

350514300241500005

Description

This exceptional commercial property, located at 602 S Jefferson Street in Huntington, Indiana, presents a unique investment opportunity. Situated on a 0.23-acre lot, the building offers significant potential for a variety of uses. Currently housing a U-Haul rental business generating approximately $15,000 in annual gross revenue, this established income stream can be transferred to the new owner. The property also features lifts suitable for an auto repair shop, providing an additional revenue stream or the possibility of expanding the existing business. The building's versatile layout and existing infrastructure make it an ideal choice for entrepreneurs seeking a ready-made business with established income or those looking to develop a new venture in a prime Huntington location. The asking price for this property is $595,000. The square footage of the building is not currently available. This is a rare opportunity to acquire a property with both established income and significant expansion potential in a thriving community. Serious inquiries are encouraged to explore this promising investment. The transfer of the U-Haul business is contingent upon a successful sale and mutually agreeable terms.

• CAP approach

  CAP return

  Valuation

  6%

  $497,109

  6.5%

  $458,870

  7%

  $426,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $350,783

  Geo Method

  $89,215

• Alternative Use

  Use

  Valuation

  Residential

  $387,074

  Hospitality

  $354,558

  Educational

  $294,988

  Medical

  $305,133

  Retail

  $458,870

Location Insight

City

Huntington

County

Huntington

State

Indiana

Latitude

40.8758

Longitude

-85.49

CBSA code

26540

CBSA name

HUNTINGTON, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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