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Investment Highlights

  • Heavy daytime traffic from 5th street
  • large open footprint both upstairs and down
  • Lots of natural light

Executive Summary

Imagine the possibilities with this blank canvas. Quick access to State Road 37 in a growing town. +/- 8,000.00 soft solid historic building with multiple uses in the past. Currently zoned PR (Professional Residential) with a proprietary retail variance. Current owner utilized the space for upscale vintage market, renting out booth space to sell vintage items. That business plan projected potential gross monthly income exceeding $6,000 plus an additional 5% of sales to owner. Potential for Office space, Apartments, Daycare etc. Sprinkler system and security system recently inspected by Koorsen. Recent improvements also include 2 emaciating pumps for sewage and 2 regular sump pits which keep the basement dry, brand new furnace, another just serviced by Lenox, brand new water heater, fresh primed walls, updated bathroom and more! More details available upon request including full list of building use as PR.

Property Facts

Price $190,000
Price Per SF $23.73
Sale Type Investment or Owner User
Sale Condition Building in Shell Condition
Property Type Specialty
Property Subtype
Religious Facility
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Building Class C
Lot Size 0.41 AC
Building Size 8,008 SF
No. Stories 1
Year Built 1947
Zoning Professional Residential - PR: Condominiums, Multiple Family dwellings, professional offices/studios, funeral homes, clinics, hospitals. Current proprietary variance for retail.
Fairly walkable
40/100
Moderately drivable
70/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 47-06-14-201-014.000-010
  • 47-06-14-201-069.000-010
Land Assessment
$29,300
Improvements Assessment
$138,000
Total Assessment
$167,300
  • Listing ID: 39463746

  • Date on Market: 2/17/2026

  • Last Updated:

  • Address: 512 P St, Bedford, IN 47421

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