13294 State Road 56Vevay, IN 47043

Property Details for 13294 State Road 56

Year built

1967

Construction

WOOD

Lot size

0.75 AC

Property size (Sq ft)

2,420 SF

Property type

Turn key restaurants

APN

78-03-34-300-008.000-001

APU

780334300008000001

Description

This exceptional commercial property, located at 13294 N State Rd 56 in Vevay, Indiana, presents a unique business opportunity. Situated on a 0.75-acre lot, the building offers significant potential for a variety of commercial ventures. Its history includes previous uses as a restaurant/bar and an auto mechanic shop, demonstrating its adaptability to diverse business models. The building's size is not specified, allowing for flexibility in planning and design to suit the needs of a prospective buyer. The asking price is $129,900, representing a compelling investment opportunity in a desirable location. The property's prime location in East Enterprise offers excellent visibility and accessibility, making it an ideal choice for entrepreneurs seeking a high-traffic area. This versatile space is ready for its next chapter, awaiting a visionary owner to transform it into a thriving business. The 0.75-acre lot provides ample space for expansion, outdoor seating, or additional parking, depending on the chosen business use. This is a chance to acquire a well-situated commercial building with a rich history and a bright future. Serious inquiries are encouraged to explore the possibilities this property offers. The property is located in Vevay, Indiana, offering access to local amenities and a strong community base.

• CAP approach

  CAP return

  Valuation

  6%

  $525,343

  6.5%

  $484,932

  7%

  $450,294

• Comparable approach

  Method

  Valuation

  Relative Method

  $757,360

  Geo Method

  $757,360

• Alternative Use

  Use

  Valuation

  Residential

  $409,058

  Hospitality

  $374,695

  Educational

  $311,742

  Medical

  $322,463

  Retail

  $484,932

Location Insight

City

Vevay

County

Switzerland

State

Indiana

Latitude

38.8774

Longitude

-84.9876

Property Tax & Assessments

FAQs

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