511 Newton St

Retail-Commercial for Sale
Catylist Listing ID: 30656597
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 16,988 SF
Gross Land Area: 0.39 Acres
Sale Price: $650,000
Unit Price: $38.26 PSF
Ceiling: 9.5 ft.
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/24/2021

Overview / Comments

Location, Location, Location. No need to advertise here! This commercial building with 17,131 total sq. ft. and elevator to all three floors has incredible visibility at the busiest intersection in Jasper. On the main floor you will find a large open area that would make great retail space, but could also be used in many other ways. This area is adjoined to three offices and a restroom, and a drive through window. There is a second, smaller area on the main floor that could be leased separately, and has it's own outside entrance off of Newton St. There are two more, separate offices/rooms and a restroom on the main floor. Upstairs you have the opportunity to utilize or lease several distinct spaces, a few of which could be combined and used together. The upper southwest area has a lobby, front desk with reception window, four offices and a work room. The upper southeast area has two separate spaces, each with small lobbies and offices. The upper northeast area has a large open room flanked by two offices. The upper northwest area has multiple work areas and a large room with high ceilings. All of these spaces enjoy abundant natural light from all of the windows. There are also two more restrooms upstairs. Downstairs you will find a large conference room, five offices, a kitchen area, a workroom with reception window, and ample bonus storage space. Outside is a paved parking lot with nice landscaping. This is a great investment opportunity!

"Disclosure and Waiver Prior to Physical Showings must be signed before showing."

Additional Details

Nearest MSA: Jasper
County: Dubois
Tax ID/APN: 19-06-35-102-531.000-002
Total Number of Buildings: 1
Year Built: 1948
Construction/Siding: Other
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,608 14,725 20,079
Median Age: 40.02 40.19 40.77
Households: 1,431 5,923 7,981


Photograph of Listing Agent

Steve Lukemeyer

F.C. Tucker Commercial
ICREX Member
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