6909 State Road 66Leavenworth, IN 47137

Property Details for 6909 State Road 66

Year built

1983

Construction

TYPE NOT SPECIFIED

Lot size

0.58 AC

Property size (Sq ft)

5,472 SF

Property type

Turn key restaurants

APN

13-11-24-307-001.000-003

APU

131124307001000003

Description

This exceptional commercial property, located at 6909 S State Road 66 in Leavenworth, Indiana, presents a unique investment opportunity. The approximately 5,500 square foot building sits on a prime 0.78-acre lot at the intersection of Interstate 64 and IN-66, boasting high visibility and accessibility. Exit 92 provides convenient access, and the property includes over 3,000 square feet of paved asphalt parking. Its strategic location offers significant advantages, situated near the new Love's Truck Stop, Jasper Engines (Crawford County's largest employer), and Crawford County High School. Enjoy breathtaking Ohio River views, including a boat dock, adding to the property's appeal. The property is only 30 minutes from Louisville, Kentucky, providing easy access to a larger metropolitan area. Crawford County actively supports diverse businesses through its local economic foundation, creating a favorable environment for growth. The area's natural beauty, encompassing over 200,000 acres of forests and state parks, attracts a significant number of visitors annually, further enhancing the property's potential. This property is priced at $350,000 and offers substantial potential for a variety of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $1,052,060

  6.5%

  $971,136

  7%

  $901,769

• Comparable approach

  Method

  Valuation

  Relative Method

  $489,871

  Geo Method

  $489,871

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,860,980

  Mixed-Use / Specialty

  $980,939

  Hospitality / Lodging

  $736,955

  Office

  $988,928

  Institutional / Educational

  $1,024,520

  Residential Income

  $1,198,690

  Multifamily

  $1,364,100

  Automotive / Energy

  $878,162

  Parking / Income-Based Land

  $289,937

  Restaurant / Food Service

  $538,505

  Healthcare / Senior Housing

  $992,331

Location Insight

City

Leavenworth

County

Crawford

State

Indiana

Latitude

38.2396

Longitude

-86.3617

Property Tax & Assessments

FAQs

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