403 W 8th St., Anderson

Office for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30854486
Property Subtypes: Office Building
Building Size (RSF): 22,075 SF
Gross Building Area: See Agent
Sale Price: $545,000
Unit Price: $24.69 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Thomas W Wright House
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/30/2023

Overview / Comments

Calling all growing business owners! Stunning and well maintained office building on historical W 8th. Building has served multiple businesses over the last century and bolsters much of the original architecture and stained glass windows. Main level and below grade area offers a plethora of offices and conference rooms. Second story has been fully renovated as an apartment with 3 bed, 2 living spaces, 2.5 bath, full kitchen, and laundry room. The third story as well could be used as another apartment or office space with a kitchen and full bath. Tons of parking options surround the building along with more spaces on 2 extra parcels that convey with the main property. Don't miss out on the this rare opportunity!

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $9,195 (Annual)
Tax Value Land $9,000
Tax Value Improvements $297,500
Assessed Value - Total($) $306,500 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $9,225 (Annual)
Tax Value Land $9,000
Tax Value Improvements $298,500
Assessed Value - Total($) $307,500 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $15,573 (Annual)
Tax Value Land $13,800
Tax Value Improvements $505,300
Assessed Value - Total($) $519,100 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $15,459 (Annual)
Tax Value Land $13,800
Tax Value Improvements $501,500
Assessed Value - Total($) $515,300 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $15,444 (Annual)
Tax Value Land $13,900
Tax Value Improvements $500,900
Assessed Value - Total($) $514,800 (Annual)

Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Madison
Submarket Type: Historic District
Tax ID/APN: 48-11-12-304-127.000-003
Zoning: B5, R4
Airports: Anderson airport
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 1899
Year Renovated: 1980
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Internet Access: Cable
Legal Description: J DAVIS 1ST 0.0000Acres STR: 00000 SECTION: PLAT: 89 IN: OUT:

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,516 53,340 74,500
Median Age: 33.31 37.75 39.73
Households: 4,059 22,117 31,075

Contact

Photograph of Listing Agent

Tim Hall

F.C. Tucker/Prosperity
ICREX Member
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