1416 Tipton StSeymour, IN 47274

Property Details for 1416 Tipton St

Year built

2020

Construction

TYPE NOT SPECIFIED

Lot size

0.34 AC

Property size (Sq ft)

2,277 SF

Property type

Office properties

APN

36-66-16-303-003.000-009

APU

366616303003000009

Description

This newly constructed commercial building, completed in 2020, boasts an excellent location on Seymour's busiest thoroughfare, US Highway 50 (East Tipton Street), experiencing a high daily traffic count of 32,000 vehicles. The 0.34-acre property offers 100 feet of frontage directly on US 50, ensuring exceptional visibility and easy access from the eastbound lane. The building's versatile design is suitable for a variety of commercial uses, including office, retail, or service-oriented businesses. A significant feature is a covered 30' x 24' carport, ideal for drive-thru operations. Ample parking is available for customers and employees. The building incorporates a state-of-the-art security system for enhanced peace of mind. A pylon sign is already in place, providing excellent advertising opportunities. The property is zoned C-3, allowing for a wide range of commercial activities. This prime location, combined with the building's modern construction and features, presents a unique opportunity for a thriving business. The asking price is $625,000.

• CAP approach

  CAP return

  Valuation

  6%

  $280,878

  6.5%

  $259,272

  7%

  $240,753

• Comparable approach

  Method

  Valuation

  Relative Method

  $196,004

  Geo Method

  $196,004

• Alternative Use

  Use

  Valuation

  Residential

  $321,498

  Hospitality

  $294,490

  Educational

  $245,012

  Medical

  $253,439

  Retail

  $381,130

Location Insight

City

Seymour

County

Jackson

State

Indiana

Latitude

38.9578

Longitude

-85.8679

CBSA code

42980

CBSA name

SEYMOUR, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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