204 8Th StJasper, IN 47546

Property Details for 204 8Th St

Year built

1949

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

3,000 SF

Property type

Office properties

APN

19-06-26-403-435.000-002

APU

190626403435000002

Description

This exceptional 3,000 square foot commercial property, situated at 204 W Eighth Street in Jasper, Indiana, presents a compelling investment opportunity. Boasting a highly visible location, this property ensures maximum exposure for any business. The 0.08-acre lot provides ample space for various commercial ventures, catering to a wide range of potential uses. The strategic placement guarantees significant foot traffic and visibility, making it an ideal choice for businesses seeking a prominent presence in the Jasper market. The property is currently listed for sale at $299,000. In addition to the purchase option, the space is also available for lease at a monthly rate of $1,500, inclusive of all utilities. This comprehensive offering provides flexibility for potential buyers and tenants alike, making it an attractive proposition for both investors seeking a strong return and businesses looking for a well-situated commercial space. The property's prime location and versatile layout make it a truly exceptional opportunity in the thriving Jasper commercial real estate market. Serious inquiries are encouraged to explore this promising investment or lease opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $488,408

  6.5%

  $450,838

  7%

  $418,635

• Comparable approach

  Method

  Valuation

  Relative Method

  $258,240

  Geo Method

  $258,240

• Alternative Use

  Use

  Valuation

  Residential

  $559,039

  Hospitality

  $512,077

  Educational

  $426,042

  Medical

  $440,694

  Retail

  $662,732

Location Insight

City

Jasper

County

Dubois

State

Indiana

Latitude

38.3931

Longitude

-86.932

CBSA code

27540

CBSA name

JASPER, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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