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305 E Washington St., Greencastle, IN 305 E Washington St 2,909 SF 100% Leased Retail Building Greencastle, IN 46135 $420,000 ($144.38/SF)
Investment Highlights
- salon features six available booths
- Potential Airbnb
- 2 apartments for passive income
Executive Summary
Public Remarks
Charming Victorian in the Heart of Greencastle - Turn-Key & Full of Character! Fall in love with this beautiful Victorian gem, ideally located just blocks from DePauw University, local dining, quaint shops, and the seasonal festivals and farmers market that make downtown Greencastle so special. Currently operating as a fully equipped hair and nail salon, this turn-key property offers endless possibilities - continue as a salon, enjoy rental income, Airbnb, or convert it back into a stunning private home. The salon features six available booths and a nail station, offering excellent income potential for stylists or a new owner looking to expand. Inside, you'll find intricate woodwork, beautiful natural light, and the inviting warmth of a bygone era. Relax on the spacious and inviting covered front porch, perfect for morning coffee or greeting guests. In addition to the main salon space, the property includes two vacant apartments - a newly remodeled 1 bed/1 bath unit in back and a Victorian-style 2 bed/1 bath apartment upstairs with charming period details. A large parking area behind the building provides ample parking for clients and tenants or could serve as space for future expansion of the already generous salon.
Private Remarks
Currently operating as a hair & nail salon; most equipment and furnishings can convey with acceptable offer (turn-key opportunity). Two apartments 1bed/1bath (on its own electric meter) 2 bed/1bath (on its own gas and electric meter) - offer excellent income potential. If the buyer continues salon operations, seller is open to discussing booth-rental arrangements for her and other stylists. Mixed-use zoning; buyer to verify intended use with the city. Please allow 24-hour notice for showings to respect tenants and business operations. Preferred showing times are afternoons or early evenings. Questions: contact Cinder Fay at 765-720-8477. Offers: email cinder@nancysrealestateteam.com.
Charming Victorian in the Heart of Greencastle - Turn-Key & Full of Character! Fall in love with this beautiful Victorian gem, ideally located just blocks from DePauw University, local dining, quaint shops, and the seasonal festivals and farmers market that make downtown Greencastle so special. Currently operating as a fully equipped hair and nail salon, this turn-key property offers endless possibilities - continue as a salon, enjoy rental income, Airbnb, or convert it back into a stunning private home. The salon features six available booths and a nail station, offering excellent income potential for stylists or a new owner looking to expand. Inside, you'll find intricate woodwork, beautiful natural light, and the inviting warmth of a bygone era. Relax on the spacious and inviting covered front porch, perfect for morning coffee or greeting guests. In addition to the main salon space, the property includes two vacant apartments - a newly remodeled 1 bed/1 bath unit in back and a Victorian-style 2 bed/1 bath apartment upstairs with charming period details. A large parking area behind the building provides ample parking for clients and tenants or could serve as space for future expansion of the already generous salon.
Private Remarks
Currently operating as a hair & nail salon; most equipment and furnishings can convey with acceptable offer (turn-key opportunity). Two apartments 1bed/1bath (on its own electric meter) 2 bed/1bath (on its own gas and electric meter) - offer excellent income potential. If the buyer continues salon operations, seller is open to discussing booth-rental arrangements for her and other stylists. Mixed-use zoning; buyer to verify intended use with the city. Please allow 24-hour notice for showings to respect tenants and business operations. Preferred showing times are afternoons or early evenings. Questions: contact Cinder Fay at 765-720-8477. Offers: email cinder@nancysrealestateteam.com.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
2,909 SF
Building Class
C
Year Built/Renovated
1960/2023
Price
$420,000
Price Per SF
$144.38
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.23
Lot Size
0.29 AC
Frontage
About 305 E WASHINGTON ST , GREENCASTLE, IN 46135
Currently operating as a hair & nail salon; most equipment and furnishings can convey with acceptable offer. Two apartments 1bed/1bath (on its own electric meter) 2 bed/1bath (on its own gas and electric meter) - offer excellent income potential. If the buyer continues salon operations, seller is open to discussing booth-rental arrangements for her and other stylists. Mixed-use zoning; buyer to verify intended use with the city. Please allow 24-hour notice for showings to respect tenants and business operations. Preferred showing times are afternoons or early evenings. Questions: contact Cinder Fay at 765-720-8477. Offers: email cinder@nancysrealestateteam.com.
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 67-09-21-201-068.000-008 | Improvements Assessment | $114,800 |
| Land Assessment | $19,800 | Total Assessment | $134,600 |
Property Taxes
Parcel Number
67-09-21-201-068.000-008
Land Assessment
$19,800
Improvements Assessment
$114,800
Total Assessment
$134,600
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305 E Washington St., Greencastle, IN | 305 E Washington St
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