905 Market StCharlestown, IN 47111

Property Details for 905 Market St

Year built

1973

Construction

TYPE NOT SPECIFIED

Lot size

0.19 AC

Property size (Sq ft)

1,334 SF

Property type

Retail space

APN

10-18-11-700-277.000-004

APU

101811700277000004

Description

This exceptional commercial property, located at 905 Market Street in Charlestown, Indiana, presents a lucrative investment opportunity. The 1,334 square foot building (46ft x 29ft) sits on a 0.19-acre lot in a high-traffic area, boasting a daily traffic count of 15,855 vehicles. Its prime location is just one building from a traffic light and directly across the street from a Dollar General, ensuring excellent visibility and accessibility. The property currently generates a strong 8% cap rate with a monthly rent of $1986 under a NNN lease. However, the current tenant plans to vacate in 2022, opening up possibilities for new lease agreements or owner-occupancy. The building includes walk-in coolers and exhaust ducts, while the HVAC system (excluding hood and sinks) remains in place. Landlord responsibilities include structural repairs, exterior utilities, and roof repairs exceeding $2,000 annually. The property is situated in a flood zone

Location Insight

City

Charlestown

County

Clark

State

Indiana

Latitude

38.4493

Longitude

-85.6679

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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