905 Market StCharlestown, IN 47111

For Sale
$300,000

High-Traffic Location, Strong ROI

Overview

Added:
Feb 3
Days on market:
37
This exceptional commercial property, located at 905 Market Street in Charlestown, Indiana, presents a lucrative investment opportunity. The 1,334 square foot building (46ft x 29ft) sits on a 0.19-acre lot in a high-traffic area, boasting a daily traffic count of 15,855 vehicles. Its prime location is just one building from a traffic light and directly across the street from a Dollar General, ensuring excellent visibility and accessibility. The property currently generates a strong 8% cap rate with a monthly rent of $1986 under a NNN lease. However, the current tenant plans to vacate in 2022, opening up possibilities for new lease agreements or owner-occupancy. The building includes walk-in coolers and exhaust ducts, while the HVAC system (excluding hood and sinks) remains in place. Landlord responsibilities include structural repairs, exterior utilities, and roof repairs exceeding $2,000 annually. The property is situated in a flood zone

Property Details for 905 Market St

Property type
Investment properties, Other investment properties
Year Built
1990
Lot Size (sq. ft)
8,276 SF

Location Insight

City
Charlestown
County
Clark
State
Indiana
Latitude
38.44914
Longitude
-85.66785
905 Market St, Charlestown, Indiana

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905 Market St
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