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4525 Salt Creek Rd 1,545 SF Retail Building Nashville, IN 47448 $250,000 ($161.81/SF) 7.70% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Very Busy Retail Store 1545sqft of Very Usable Space plus Outdoor seating.
  • 9 Camping spots 4 Electric and 5 Primative
  • Great Location

EXECUTIVE SUMMARY

An Excellent Opportunity for an Investor or to Realize Your Dream of owning your own business. Keep it as is or Create Your Vision - 1545 sq ft building on 2.23 acres in Brown County. Property does need updating but it has so much potential for the next owner with it being a local favorite, the clientele is already set up & it's been a destination in Nashville for the last 20 years. The property is currently a little restaurant, The Gatesville Country Store that is now and in the past has turned over an excellent profit. The property is zoned General Business, which allows for a wide variety of businesses to operate here. It could be used as a tourist rental, retail, office, convenience market. Also features a Creek on the property, a small campground w/Shelter House with 5 primitive & 4 electric camping spots. See the amenity list for details. Is in a flood plain - Being Sold AS IS

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,545 SF
Building Class
B
Year Built
1996
Price
$250,000
Price Per SF
$161.81
Cap Rate
7.70%
NOI
$19,250
Business Value
$300,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
2.23 AC
Zoning
GB - Zoned General Business
Parking
11 Spaces (7.12 Spaces per 1,000 SF Leased)
Frontage
116’ on Salt Creek Road

AMENITIES

  • Corner Lot
  • Storage Space
  • Air Conditioning
  • Smoke Detector

ABOUT 4525 SALT CREEK RD , NASHVILLE, IN 47448

An Excellent Opportunity for an Investor or to Realize Your Dream of owning your own business. Keep it as is or Create Your Vision - 1545 sq ft building on 2.23 acres in Brown County. Property does need updating but it has so much potential for the next owner with it being a local favorite, the clientele is already set up & it's been a destination in Nashville for the last 20 years. The property is currently a little restaurant, The Gatesville Country Store that is now and in the past has turned over an excellent profit. The property is zoned General Business, which allows for a wide variety of businesses to operate here. It could be used as a tourist rental, retail, office, convenience market. Also features a Creek on the property, a small campground w/Shelter House with 5 primitive & 4 electric camping spots. See the amenity list for details. Is in a flood plain - Being Sold AS IS - Seller unable to do any repairs - Financials avail on request. Inventory is for sale and is a separate transaction. Showings are only after store hours - Showing Hours are: Monday all day & TUE-SUN After 4:30pm.Buyer to verify square footage. current owner doesn't have flood ins, says waters never been in the bldg - See the flood map in suppl. 2 parcels. MLS# 22032075 Call Sheila Glore 317 513 6335 Listing Broker Eco Realty Partners or Matt Glore 317 507 3170 Co Listing Broker Eco Realty Partners

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-02-36-400-140.001-006
Land Assessment
$42,500
Improvements Assessment
$30,400
Total Assessment
$72,900
  • Listing ID: 35475337

  • Date on Market: 4/13/2025

  • Last Updated:

  • Address: 4525 Salt Creek Rd, Nashville, IN 47448

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