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Description for 1355 E Main Street MLS# 22-528

Incredible Commercial Location located on the entrance to Historic Downtown Batesville on the corner of Main St. and St. Louis St! This 5.24 acres was formerly the Powell's Motel, Wyatt's Restaurant and most recently, Independence Inn. The buildings are in fair shape and could be utilized or the lot could be cleared and have enough room for various commercial projects! The property has significant paved road frontage on both Hwy. 167 & Main St. and has a combined traffic count of over 20,000 cars per day! The buildings themselves total over 38,000 sq. ft., have over 70 one bedroom units, a restaurant/kitchen and various office areas. Rarely do you find a large parcel that can accommodate a grocery store, gas station, restaurant or other large retail business. Additional land available!

General Features

  • Property For
    Sale
  • Listing Type
    Commercial
  • Style
    D
  • County
    Independence
  • Approx. Sq. Ft.*
    38000
  • Price
    $1,700,000

Additional Details

Sq Ft Source
Appraiser
Financing
1031 Exchange, Bank (in House), Cash
Tax Year
2022
Taxes
$0

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Market Research


 

Batesville Commercial Values

Average List Price:
$583,500
Average Sold Price:
$212,607
Average Price per SQFT:
$59
Average Days on Market:
682
Number of Properties for Sale:
1,121
Vs.

This Property

List Price:
$1,700,000
Approx. Price per SQFT:
$44.74 / sqft
Days on Website:
85 (Sep 06, 2022)

Pricing Considerations

List Price:
$1,700,000
Price per SQFT:
$44.74 / sqft (based on 38000 approximate square feet)

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