2700 State Route 261
Newburgh, IN 47630
Retail / Self storage for sale · Retail Property For Sale
Property Facts
About 2700 STATE ROUTE 261 , NEWBURGH, IN 47630
Located on IN-261 near Castle High School. Ideal for retail or storage facility. Great visibility and high traffic location. Currently Paradise Organics grocery store and 29-unit self-storage facility. Both businesses still in operation. Self-storage business has not been aggressively marketed in the past. Approximately 50% of the units are currently leased. Self-storage income potential is $1345 per month if fully leased, based on current lease rates. Billboard on property generates $1000 per year. New public sewer installed in 2003 at a cost of approximately $25,000. Approximately 15 freezers located in the grocery. Large walk-in cooler located in the grocery. 2 new HVAC units installed within the past 2 years. Some roof repairs needed in self-storage area.
Property Taxes
| Parcel Number | 87-12-14-400-047.000-019 | Improvements Assessment | $115,400 |
| Land Assessment | $144,600 | Total Assessment | $260,000 |
Property Taxes
