1025 HWY 135 NE

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1025 HWY 135 NE

Palmyra, IN 47164
Asking Price
$230K
Asset Type
Apartment Building Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail property measuring 5,988 square feet for sale
  • Asset currently utilized as an apartment building
  • Located at 1025 HWY 135 NE in Palmyra
  • Offered to the market for $230,000
  • Situated within a developing suburban Indiana market

What's Special

This 5,988 square foot retail asset functions as an apartment building and sits at 1025 HWY 135 NE in Palmyra, Indiana. The property is positioned within a growing suburban market in the Louisville metropolitan area, providing connectivity to regional transportation corridors. Its existing configuration allows for diverse operational strategies, catering to investors interested in the intersection of residential and retail utility. Prospective buyers can leverage this space to stabilize a mixed-use portfolio or capitalize on local demand for versatile, multi-tenant property types. The building's layout presents a practical foundation for those seeking to enhance cash flow through active management or strategic repositioning in a stable Indiana market. Its location serves as a functional point for business operations or housing needs, reflecting the practical nature of commercial real estate in Harrison County.

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NOI
$80,000
Cap Rate
34.78%
DSCR
5.86
Strong
Cash-on-Cash
96.15%
Monthly Payment
$1,137.915
Annual Cash Flow
$66,345.026

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