1020 Highway 62Corydon, IN 47112

Property Details for 1020 Highway 62

Year built

1969

Construction

TYPE NOT SPECIFIED

Lot size

0.83 AC

Property size (Sq ft)

3,652 SF

Property type

Retail space

APN

31-09-26-428-037.000-007

APU

310926428037000007

Description

This exceptional opportunity presents the chance to acquire a fully operational wrecker service in the heart of historic Corydon, Indiana. Established in 1970, this business boasts a long-standing reputation for reliability and customer service, built over decades of operation. The 0.83-acre property at 1020 Highway 62 W provides ample space for the existing operations. The sale includes all equipment, tools, and assets, making this a true turnkey acquisition. The business is ready for immediate operation, offering a seamless transition for the new owner. Its prime location in Corydon attracts both local and regional clientele, ensuring a consistent stream of customers. This is a rare chance to own a profitable, established business with a rich history and a loyal customer base. The asking price for this turnkey operation is $3,000,000. This represents a unique opportunity to step into a well-established business and continue its legacy of success. The property is ideally situated to capitalize on the existing customer base and further expand its reach within the community and surrounding areas. All aspects of the business are included in the sale, allowing for immediate commencement of operations.

• CAP approach

  CAP return

  Valuation

  6%

  $874,189

  6.5%

  $806,944

  7%

  $749,305

• Comparable approach

  Method

  Valuation

  Relative Method

  $792,198

  Geo Method

  $792,198

• Alternative Use

  Use

  Valuation

  Residential

  $680,688

  Hospitality

  $623,506

  Educational

  $518,750

  Medical

  $536,590

  Retail

  $806,944

Location Insight

City

Corydon

County

Harrison

State

Indiana

Latitude

38.2206

Longitude

-86.146

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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