3121 10Th StJeffersonville, IN 47130

Property Details for 3121 10Th St

Year built

2011

Construction

WOOD

Lot size

0.55 AC

Property size (Sq ft)

4,990 SF

Property type

Office properties

APN

10-19-02-200-361.000-009

APU

101902200361000009

Description

This exceptional Class A, single-tenant building, totaling 3,500 square feet on a 0.554-acre lot, presents a unique investment opportunity. Built in 2011, the property boasts a desirable location at a signalized intersection with exceptional visibility and high traffic counts averaging 23,752 vehicles daily. The building features a first-floor layout of 3,500 square feet, complemented by an additional 1,425 square feet of partially finished basement space, offering significant expansion potential. Ample parking is readily available on-site, further enhanced by convenient cross-access parking with a neighboring ALDI. The property's C1 zoning allows for flexible use, catering to medical office, traditional office, and retail tenants. Its strategic location benefits from proximity to a vibrant array of established businesses, including major retailers like Meijer, Kroger, and ALDI, as well as numerous restaurants and service providers. The surrounding area is experiencing significant economic growth, fueled by the development of the River Ridge Commerce Center, a substantial industrial and office campus projected to generate 100,000 new jobs. This prime location, combined with the building's versatile design and ample parking, makes it an ideal investment for discerning buyers seeking high visibility and strong tenant potential in a rapidly expanding market. The property's address is conveniently located near the intersection of E 10th St and Meijer Dr, Clark County, with APN 10-19-02-200-361.000-009.

• CAP approach

  CAP return

  Valuation

  6%

  $945,150

  6.5%

  $872,447

  7%

  $810,129

• Comparable approach

  Method

  Valuation

  Relative Method

  $429,539

  Geo Method

  $429,539

• Alternative Use

  Use

  Valuation

  Residential

  $1,081,834

  Hospitality

  $990,954

  Educational

  $824,462

  Medical

  $852,817

  Retail

  $1,282,496

Location Insight

City

Jeffersonville

County

Clark

State

Indiana

Latitude

38.3262

Longitude

-85.7127

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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