2509 1St StTerre Haute, IN 47802

Property Details for 2509 1St St

Year built

2011

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

10,075 SF

Property type

Retail space

APN

84-06-33-331-005.000-002

APU

840633331005000002

Description

This exceptional 2509 S 1st St, Terre Haute, Indiana warehouse property presents a unique investment opportunity. Priced at $1,200,000, this industrial space boasts a proven track record of profitability spanning 13 years. Currently operating as a thriving family entertainment center, the property features a diverse range of attractions, including a toddler zone, large inflatable slides, and a basketball court with regulation-sized backboards and goals. The business model is well-established, attracting over 700 parties annually, generating substantial revenue through party bookings and concession sales. The property's versatility allows for continued success in its current format or adaptation to other commercial uses. Located in Vigo County, Indiana, with easy access via 2509 S 1st St, and a zip code of 47802, this property offers significant potential for growth and return on investment. The existing infrastructure and established customer base provide a solid foundation for a new owner to build upon. The property's location in Terre Haute, Indiana, ensures a steady stream of potential customers. This is a rare chance to acquire a profitable, established business with significant upside potential. The property's size and features are ideal for a variety of commercial ventures, making it a highly attractive investment. The financial records demonstrate consistent profitability, providing a strong basis for future projections.

• CAP approach

  CAP return

  Valuation

  6%

  $2,263,640

  6.5%

  $2,089,514

  7%

  $1,940,263

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,185,485

  Geo Method

  $2,185,485

• Alternative Use

  Use

  Valuation

  Residential

  $1,762,583

  Hospitality

  $1,614,516

  Educational

  $1,343,259

  Medical

  $1,389,455

  Retail

  $2,089,514

Location Insight

City

Terre Haute

County

Vigo

State

Indiana

Latitude

39.4398

Longitude

-87.4167

CBSA code

45460

CBSA name

TERRE HAUTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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