4199 Old State Route 261Newburgh, IN 47630

Property Details for 4199 Old State Route 261

Year built

1910

Construction

WOOD

Lot size

1.20 AC

Property size (Sq ft)

4,650 SF

Property type

Office properties

APN

87-12-26-100-118.000-019

APU

871226100118000019

Description

This exceptional commercial property in Newburgh, Indiana, presents a rare opportunity. The offering encompasses two spacious, two-story office buildings totaling 8,490 square feet on a 1.2-acre lot. Built in 1910 and 2000, the buildings boast excellent visibility from Old State Route 261, a high-traffic area with an average annual daily traffic count of 10,019 vehicles. The property is conveniently located just 0.2 miles from Indiana State Route 66. The first floor of one building is currently tenant-occupied. The property includes ample parking with 20 spaces and is zoned for commercial use. The asking price is $449,000, translating to $52.89 per square foot. The property's location offers proximity to various businesses, including Newburgh Tax Service, Salsarita's, Newburgh Powersports, and Radiant Wellness Therapies. The property's parcel number is 87-12-26-100-118.000-019. This is an ideal investment for those seeking a well-located, established office complex in a thriving Indiana community.

• CAP approach

  CAP return

  Valuation

  6%

  $803,297

  6.5%

  $741,505

  7%

  $688,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $400,272

  Geo Method

  $400,272

• Alternative Use

  Use

  Valuation

  Residential

  $919,466

  Hospitality

  $842,226

  Educational

  $700,722

  Medical

  $724,821

  Retail

  $1,090,012

Location Insight

City

Newburgh

County

Warrick

State

Indiana

Latitude

37.9737

Longitude

-87.3937

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].