35 S Main St - Warehouse FOR SALE


Batesville, IN 47006
$1,695,000 USD
317-432-1544
35 S Main St, Batesville, IN for Sale
$1,695,000 USD
Warehouse - FOR SALE
1/164
null | Request Cap Rate

35 S Main St
Batesville, IN 47006


OVERVIEW

SPECTACULAR AND RARE OPPORTUNITY TO OWN A CITY BLOCK IN GROWING BATESVILLE, INDIANA & 82,000+ SQUARE FEET OF INCOME PRODUCING PROPERTY AT 10% OF REPLACEMENT COST! This property offers a variety of areas including a renovated boutique hotel (22 rooms), a premier restaurant with adjoining bar, a 7,200 square foot Bier Hall with rare 50 foot copper topped bar, an outdoor Biergarten venue, a huge banquet room with capacity for 120 guest, two separate dining / conference rooms (capacity of 25 & 12), a retail space currently occupied by tenant, and a 21,000+ square foot warehouse with 3 levels & endless possibilities to monetize! The 22 room boutique hotel has been accepted into the Historic Hotels of America. Just some of the recent improvements include: new roof and gutters, upgraded electrical, new airflow systems, new lighting, new windows, complete renovations of restrooms, addition of custom bar, replacement of 95% of exterior Tudor trim, restoration of all stucco, new signage, and new flooring & paint throughout much of the property. Batesville is conveniently located near metropolitan areas of Indianapolis, Cincinnati, Dayton, and Louisville with an attractive average household income of $85K+ a year. This is truly once in a lifetime opportunity to bring a historic property to it's highest and best use! Property is priced at less than $21 per square foot...hurry! Contact listing broker with questions and supplemental documents.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$30 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Bar, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

1.67

LAND SF

72,838

ZONING

DT

APN/PARCEL ID

69-02-20-332-045.001-017

ASK ABOUT THIS PROPERTY

Scott ArmstrongArmstrong Real Estate BrokerageMore Info
317-432-1544

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Scott ArmstrongArmstrong Real Estate BrokerageMore Info
317-432-1544

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.