64 Main StScottsburg, IN 47170

Property Details for 64 Main St

Year built

1912

Construction

WOOD

Lot size

0.10 AC

Property size (Sq ft)

7,665 SF

Property type

Turn key restaurants

APN

72-05-20-310-030.000-008

APU

720520310030000008

Description

This exceptional commercial opportunity presents a rare chance to acquire the historic T.H. Everitt Building in the thriving Scottsburg Square. This landmark property comprises two buildings totaling 12,449 square feet, offering significant versatility and immediate income potential. The first floor is currently operational, featuring a storefront, a fully equipped kitchen, brewery equipment, and commercial refrigeration. This established space provides a strong foundation for continued success or expansion. Upstairs, a large banquet room and additional space offer immense potential for redevelopment into offices, event space, or even residential apartments, catering to a variety of needs. The property boasts approximately 61 feet of combined window frontage, maximizing visibility and attracting customers. Its strategic location directly off I-65, as well as Highways 31 and 56, ensures high traffic volume and easy accessibility. This is an unparalleled opportunity to invest in a landmark property in a growing community, poised for significant returns. The property is priced at $484,000. The land area is 0 acres.

• CAP approach

  CAP return

  Valuation

  6%

  $1,528,403

  6.5%

  $1,410,833

  7%

  $1,310,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,662,704

  Geo Method

  $1,662,704

• Alternative Use

  Use

  Valuation

  Residential

  $1,190,091

  Hospitality

  $1,090,117

  Educational

  $906,964

  Medical

  $938,156

  Retail

  $1,410,833

Location Insight

City

Scottsburg

County

Scott

State

Indiana

Latitude

38.6851

Longitude

-85.7707

CBSA code

42500

CBSA name

SCOTTSBURG, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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