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1396-1416 Eastern Blvd 13,885 SF 100% Leased Retail Building Clarksville, IN 47129 $1,900,000 ($136.84/SF)
Investment Highlights
- Located along a high-visibility corridor minutes from I-65 and downtown Louisville.
- 1.135-acre site with ample on-site parking and convenient access points.
- Long-term growth potential within the Louisville metropolitan region.
- Stabilized tenant roster featuring service-oriented and necessity-based businesses.
- Consistent foot traffic providing reliable cash flow and income stability.
- Positioned near dense residential communities and established retail clusters.
Executive Summary
1416 Eastern Boulevard offers an income-generating retail asset strategically located on a prominent retail corridor in Clarksville, Indiana. Situated just minutes from I-65 and downtown Louisville, this stabilized neighborhood center provides consistent revenue through its synergy of service-based and daily-needs tenants. Occupancy across complementary businesses creates reliable in-place income and steady customer traffic.
The property’s location within an established retail district and proximity to dense residential neighborhoods ensures sustained demand. Offering excellent site visibility and convenient ingress/egress, the center captures passing consumer flows and remains well-positioned for lasting tenant retention. With 1.135 acres and ample on-site parking, the asset combines accessibility with long-term operational durability. Investors gain the opportunity to secure a stabilized property within the Louisville MSA that balances income security with potential appreciation.
The property’s location within an established retail district and proximity to dense residential neighborhoods ensures sustained demand. Offering excellent site visibility and convenient ingress/egress, the center captures passing consumer flows and remains well-positioned for lasting tenant retention. With 1.135 acres and ample on-site parking, the asset combines accessibility with long-term operational durability. Investors gain the opportunity to secure a stabilized property within the Louisville MSA that balances income security with potential appreciation.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,885 SF
Building Class
C
Year Built
1962
Price
$1,900,000
Price Per SF
$136.84
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
1.05 AC
Zoning
C2 - Commercial
Parking
45 Spaces (3.24 Spaces per 1,000 SF Leased)
Frontage
343’ on Eastern Blvd
Amenities
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-14-01-801-544.000-012 | Improvements Assessment | $541,200 |
| Land Assessment | $113,500 | Total Assessment | $654,700 |
Property Taxes
Parcel Number
10-14-01-801-544.000-012
Land Assessment
$113,500
Improvements Assessment
$541,200
Total Assessment
$654,700
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1396-1416 Eastern Blvd
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