1435 Main StPaoli, IN 47454

Property Details for 1435 Main St

Year built

1920

Construction

WOOD

Lot size

0.59 AC

Property size (Sq ft)

6,504 SF

Property type

Office properties

APN

59-06-35-400-084.000-012

APU

590635400084000012

Description

This prime commercial property at 1435 W Main Street in Paoli, Indiana, presents a fantastic opportunity for a variety of businesses. Situated on a 0.59-acre lot, the building offers a substantial amount of finished office space, ideal for administrative functions or client meetings. The property boasts significant storage capacity, catering to businesses with inventory needs. A key feature is its high visibility location on a busy road, ensuring excellent exposure to potential customers. The building includes a four-bay garage, with three bays located on the left side and one on the right, providing ample space for vehicle storage, equipment, or workshop activities. A full basement offers additional storage or could serve as a secure storm shelter. This versatile property is priced at $325,000. For qualified buyers, owner financing is available with a 10% down payment and a 7% interest rate over a 20-year term. This is an exceptional opportunity to acquire a well-located, functional commercial building with significant potential. The combination of office space, storage, and garage capacity makes this property suitable for a wide range of commercial uses. Don't miss out on this chance to establish your business in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $995,693

  6.5%

  $919,101

  7%

  $853,451

• Comparable approach

  Method

  Valuation

  Relative Method

  $559,864

  Geo Method

  $559,864

• Alternative Use

  Use

  Valuation

  Residential

  $1,139,686

  Hospitality

  $1,043,946

  Educational

  $868,551

  Medical

  $898,422

  Retail

  $1,351,079

Location Insight

City

Paoli

County

Orange

State

Indiana

Latitude

38.5576

Longitude

-86.4858

Property Tax & Assessments

FAQs

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