3106 Middle RdJeffersonville, IN 47130

Property Details for 3106 Middle Rd

Year built

1984

Construction

TYPE NOT SPECIFIED

Lot size

1.76 AC

Property size (Sq ft)

6,303 SF

Property type

Office properties

APN

10-19-01-201-064.000-009

APU

101901201064000009

Description

This exceptional 6,303-square-foot commercial property, located at 3106 Middle Road in Clark County, presents a unique investment opportunity. Built in 1984 and situated on a 1.76-acre lot, this single-story building has undergone a complete renovation, resulting in a "like-new" condition. The expansive interior features a large open space easily adaptable with accordion-style wall partitions, a fully equipped kitchen, two bars, and multi-stall restrooms. The property boasts ample parking with over 80 spaces. The current lease is $3,750 per month plus utilities, with the tenant responsible for all interior and exterior maintenance. The C1 zoning allows for a variety of uses, making it ideal for events, fitness centers, churches, or non-profit organizations. The building is further enhanced by two HVAC units and a recently installed roof. The property's APN is 10-04-01-200-438.000-005. This turnkey property offers significant potential for a variety of businesses seeking a well-maintained, versatile space with excellent parking.

• CAP approach

  CAP return

  Valuation

  6%

  $1,193,844

  6.5%

  $1,102,010

  7%

  $1,023,295

• Comparable approach

  Method

  Valuation

  Relative Method

  $542,562

  Geo Method

  $542,562

• Alternative Use

  Use

  Valuation

  Residential

  $1,366,493

  Hospitality

  $1,251,700

  Educational

  $1,041,400

  Medical

  $1,077,215

  Retail

  $1,619,955

Location Insight

City

Jeffersonville

County

Clark

State

Indiana

Latitude

38.3132

Longitude

-85.7013

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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