1200 Madison StClarksville, IN 47129

Property Details for 1200 Madison St

Year built

1993

Construction

WOOD

Lot size

1.76 AC

Property size (Sq ft)

24,128 SF

Property type

Office properties

APN

10-24-03-200-092.000-013

APU

102403200092000013

Description

This single-story, 11,526-square-foot Class B office building at 1200 Madison Street in Clarksville, Indiana, offers flexible space ideal for various uses. Currently, the entire 11,526 square feet is available for lease, divisible into two suites: one of 5,326 square feet and another of 6,200 square feet (which can be combined). The property, built in 1993, features a new roof and new pavement, and is situated on a convenient location between Veterans Parkway and Lewis/Clark Parkway, providing easy access to I-65 and downtown Louisville. The building boasts all-brick construction and two entry points. Zoned B2, this property is suitable for medical, coworking, executive, creative, or traditional office tenants. The property features a total of two suites. The minimum leasable space is 5,326 square feet, while the maximum contiguous space is 11,526 square feet. The building's APN is 10-24-03-200-092.000-013. Landlord is responsible for roof maintenance. Price is "as-is".

• CAP approach

  CAP return

  Valuation

  6%

  $2,976,298

  6.5%

  $2,747,352

  7%

  $2,551,113

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,076,938

  Geo Method

  $2,076,938

• Alternative Use

  Use

  Valuation

  Residential

  $3,406,717

  Hospitality

  $3,120,534

  Educational

  $2,596,248

  Medical

  $2,685,537

  Retail

  $4,038,608

Location Insight

City

Clarksville

County

Clark

State

Indiana

Latitude

38.3202

Longitude

-85.757

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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