320 N. Sugar St.

About this property

320 N. Sugar Street offers an opportunity to acquire a 5,080-square-foot, single-story office property in Brownstown, Indiana, located approximately one block off Main Street. The property includes four existing office suites, approximately 15 parking spaces, and four HVAC units, three of which have reportedly been replaced within the past five years. The property is currently being used by a local not-for-profit organization on a temporary, rent-free basis and is expected to be vacated. The existing interior layout is somewhat compartmentalized, providing a purchaser the opportunity to reconfigure the space to meet their specific needs. Offered at $250,000 ($49.21/SF), the property is being sold in its current condition with no planned seller improvements. The seller has also advised that there may be a roof issue, which has not been independently verified. Prospective purchasers should conduct their own inspections and due diligence. The combination of size, parking, multiple office suites, and an attractive acquisition price provides an opportunity for an owner-user or investor to establish, expand, or reposition a commercial property in Brownstown. Investment Highlights 320 N. Sugar Street offers an attractive office investment opportunity at approximately $8 per square foot. The property provides a flexible office configuration with multiple suites and an opportunity for a purchaser to add value through future improvements. Property Highlights - 5,080 SF single-story office building - 4 existing office suites - 0.25-acre lot - 4 HVAC units - 3 HVAC units replaced within the past 5 years - Approximately $8/SF - Potential for owner-user or investment use - Existing multi-suite layout provides flexibility for leasing individual spaces - Opportunity for a purchaser to renovate and customize the property to meet specific needs - Located in Brownstown, Indiana, providing access to the local Jackson County market The combination of low cost per square foot, multiple office suites, parking and value-add potential makes 320 N. Sugar Street an opportunity worth considering for an owner-user or investor.

Property highlights

Net operating income

$34,940

Capitalization rate

13.98%

Units

4

Financial information is supplied by the listing team. Review the offering documents and independently verify all figures.

Building size

5,080 SF

Lot size

0.2580 acres

Year built

1983

Zoning

HB

County

Jackson

Map position is based on listing coordinates. Confirm access, entrances, and boundaries with the listing team; the marker is not a parcel survey.