304 National HwyWashington, IN 47501

Property Details for 304 National Hwy

Year built

2008

Lot size

0.08 AC

Property type

Parking lots & garages

APN

14-10-34-201-103.000-017

APU

141034201103000017

Description

This exceptional commercial property, located at 304 & 308 W National Highway in Washington, Indiana (47501), presents a unique investment opportunity. The 7,000 square foot building sits on a half-acre lot and offers significant potential for a variety of uses. Currently configured as office space, the layout is adaptable to suit diverse business needs. The property boasts a large parking lot, ensuring ample space for clients and employees. Internal features include two ADA-compliant restrooms, a functional kitchen, and a convenient break room. The building is well-maintained, featuring a durable metal roof and two HVAC units for climate control. Recent improvements include the installation of newer curbs and sidewalks, enhancing the property's curb appeal and accessibility. The asking price for this versatile commercial property is $275,000. Its prime location in Daviess County, Indiana, offers excellent visibility and accessibility. This is an ideal opportunity for an investor seeking a strong return or a business looking to establish a prominent presence in a thriving community. The property's size and features make it suitable for a wide range of commercial ventures. Don't miss this chance to acquire a valuable asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $861,657

  6.5%

  $795,376

  7%

  $738,563

• Comparable approach

  Method

  Valuation

  Relative Method

  $780,918

  Geo Method

  $780,918

• Alternative Use

  Use

  Valuation

  Residential

  $670,929

  Hospitality

  $614,567

  Educational

  $511,313

  Medical

  $528,898

  Retail

  $795,376

Location Insight

City

Washington

County

Daviess

State

Indiana

Latitude

38.6528

Longitude

-87.1791

CBSA code

47780

CBSA name

WASHINGTON, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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