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512 P St 8,008 SF Retail Building Bedford, IN 47421 $340,935 CAD ($42.57 CAD/SF)



Investment Highlights
- Heavy daytime traffic from 5th street
- large open footprint both upstairs and down
- Lots of natural light
Executive Summary
Imagine the possibilities with this blank canvas. Quick access to State Road 37 in a growing town. +/- 8,000.00 soft solid historic building with multiple uses in the past. Currently zoned PR (Professional Residential) with a proprietary retail variance. Current owner utilized the space for upscale vintage market, renting out booth space to sell vintage items. That business plan projected potential gross monthly income exceeding $6,000 plus an additional 5% of sales to owner. Potential for Office space, Apartments, Daycare etc. Sprinkler system and security system recently inspected by Koorsen. Recent improvements also include 2 emaciating pumps for sewage and 2 regular sump pits which keep the basement dry, brand new furnace, another just serviced by Lenox, brand new water heater, fresh primed walls, updated bathroom and more! More details available upon request including full list of building use as PR.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Building Size
8,008 SF
Building Class
C
Year Built
1947
Price
$340,935 CAD
Price Per SF
$42.57 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.45
Lot Size
0.41 AC
Zoning
Professional Residential - PR: Condominiums, Multiple Family dwellings, professional offices/studios, funeral homes, clinics, hospitals. Current proprietary variance for retail.
Frontage
122’ on P St
Amenities
- Courtyard
- Security System
- Wheelchair Accessible
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $171,676 CAD | |
| Land Assessment | $38,317 CAD | Total Assessment | $209,993 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$38,317 CAD
Improvements Assessment
$171,676 CAD
Total Assessment
$209,993 CAD
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Presented by
McLaughlin Realty at The Real Estate Co.
512 P St
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