521 Maplewood BlvdGeorgetown, IN 47122

Property Details for 521 Maplewood Blvd

Year built

1994

Construction

WOOD

Lot size

1.53 AC

Property size (Sq ft)

4,272 SF

Property type

Parking lots & garages

APN

22-02-00-100-280.000-002

APU

220200100280000002

Description

This 4,200 square foot industrial property, situated on a 1.53-acre lot at 521 Maplewood Boulevard in Georgetown, Indiana, presents a compelling opportunity for businesses seeking versatile space. Previously utilized as an auto body shop, the building offers a well-defined layout including two separate offices, each equipped with its own zoned HVAC system, ensuring climate control flexibility. A substantial shop area provides ample room for operations, complemented by a dedicated storage room for efficient inventory management. Access is facilitated by both an exterior and an interior overhead door, allowing for convenient material handling and internal separation of work areas. The property's infrastructure includes existing air lines throughout the shop area, ready for connection to a compressor and fittings, minimizing setup costs. Further enhancing its functionality, the property features an LP fuel system and a unit heater in the shop, providing reliable heating solutions. The property is available for occupancy in mid-August. This versatile space is well-suited for a variety of industrial, manufacturing, or storage applications, offering a blend of office and workshop space in a convenient Georgetown location. The generous lot size provides ample room for expansion or outdoor storage. This is a rare opportunity to acquire a well-maintained industrial property with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $963,367

  6.5%

  $889,262

  7%

  $825,743

• Comparable approach

  Method

  Valuation

  Relative Method

  $926,689

  Geo Method

  $926,689

• Alternative Use

  Use

  Valuation

  Residential

  $750,126

  Hospitality

  $687,111

  Educational

  $571,668

  Medical

  $591,329

  Retail

  $889,262

Location Insight

City

Georgetown

County

Floyd

State

Indiana

Latitude

38.2814

Longitude

-85.9104

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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