11323 Highway 60Sellersburg, IN 47172

Property Details for 11323 Highway 60

Year built

1964

Construction

WOOD

Lot size

14.50 AC

Property size (Sq ft)

15,936 SF

Property type

Office properties

APN

10-02-16-400-058.000-026

APU

100216400058000026

Description

This exceptional 14.5-acre commercial property in Sellersburg, Indiana, presents a unique investment opportunity. Located at 11323 Highway 60, this M-1 zoned site boasts a substantial 16,000 square foot building currently occupied by a trucking company. The property offers significant development potential due to its size and strategic location, just four miles from I-65. A large pond enhances the property's appeal. The building itself comprises approximately 13,000 square feet of warehouse space and 3,074 square feet of office space. The warehouse features impressive ceiling heights ranging from 14.5 to 20 feet, three 3-ton cranes, and five large overhead doors (14.5 ft H x 13.5 ft W). The maintenance/shop area is equipped with 3-phase electric. The office area includes six individual offices, two conference rooms, a receptionist area, a waiting foyer, a break room, and two full bathrooms, plus a half bath. The property also benefits from ample parking and convenient access to railroad tracks. The building includes two furnaces and two air conditioning units, one of which is newer. Constructed in 1964, the property is offered at $1,700,000. The current owner is interested in a leaseback arrangement.

• CAP approach

  CAP return

  Valuation

  6%

  $1,965,778

  6.5%

  $1,814,564

  7%

  $1,684,952

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,371,771

  Geo Method

  $1,371,771

• Alternative Use

  Use

  Valuation

  Residential

  $2,250,060

  Hospitality

  $2,061,043

  Educational

  $1,714,763

  Medical

  $1,773,737

  Retail

  $2,667,410

Location Insight

City

Sellersburg

County

Clark

State

Indiana

Latitude

38.4165

Longitude

-85.8027

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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