206 Main StMount Vernon, IN 47620

Property Details for 206 Main St

Year built

1900

Construction

TYPE NOT SPECIFIED

Lot size

0.11 AC

Property size (Sq ft)

3,944 SF

Property type

Office properties

APN

65-27-08-130-071.000-018

APU

652708130071000018

Description

This exceptional investment opportunity presents two attractive brick office buildings totaling 7,814 square feet of net rentable space, situated in the heart of Mount Vernon, Indiana's Central Business District (CBD). Located at 206 & 210 Main St, this property boasts a convenient location near the waterfront and offers seven on-site parking spaces, supplemented by ample street parking. The buildings, constructed in 1900, feature two stories and include a large elevator, adding to their functionality and appeal. The combined lot size is 0.017 acres. Currently vacant, this property presents a unique chance for redevelopment or immediate occupancy. The asking price is $552,500, translating to $70.71 per square foot. The property's APN is 65-27-08-130-071.000-018 & 65-27-08-130-072.000-018. This is a Class B property zoned for CBD use, making it ideal for a variety of commercial ventures. Don't miss this chance to acquire a significant presence in a thriving Indiana community.

• CAP approach

  CAP return

  Valuation

  6%

  $681,334

  6.5%

  $628,924

  7%

  $584,001

• Comparable approach

  Method

  Valuation

  Relative Method

  $339,500

  Geo Method

  $339,500

• Alternative Use

  Use

  Valuation

  Residential

  $779,866

  Hospitality

  $714,353

  Educational

  $594,333

  Medical

  $614,773

  Retail

  $924,518

Location Insight

City

Mount Vernon

County

Posey

State

Indiana

Latitude

37.9306

Longitude

-87.8946

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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