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403 W 8th St

22,075 SF Office Building Anderson, IN 46016 $379,000 ($17/SF)

Investment Highlights

  • Meticulously cared for
  • Located in the historic district
  • Tons of updates

Executive Summary

Calling all growing business owners! Stunning and well maintained office building on historical W 8th. Building has served multiple businesses over the last century and bolsters much of the original architecture and stained glass windows. Main level and below grade area offers a plethora of offices and conference rooms. Second story has been fully renovated as an apartment with 3 bed, 2 living spaces, 2.5 bath, full kitchen, and laundry room. The third story as well could be used as another apartment or office space with a kitchen and full bath. Tons of parking options surround the building along with more spaces on 2 extra parcels that convey with the main property. Don't miss out on the this rare opportunity!

Taxes & Operating Expenses (Actual - 2022)

Annual Annual Per SF
Taxes $11,477 $0.52
Operating Expenses $14,400 $0.65

Taxes & Operating Expenses (Actual - 2022)

Taxes
Annual $11,477
Annual Per SF $0.52
Operating Expenses
Annual $14,400
Annual Per SF $0.65
Total Expenses
Annual $25,877
Annual Per SF $1.17

Property Facts

Sale Type
Owner User
Property Type
Office
Building Size
22,075 SF
Building Class
C
Year Built
1904
Price
$379,000
Price Per SF
$17
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
5,519 SF
Building FAR
0.55
Lot Size
0.92 AC
Opportunity Zone
Yes
Zoning
B5 - Main building is zoned B5 (business). Homestead is carried as owner lives in apartment. Additional parking lot is zoned R4 (residential).
Parking
19 Spaces (0.78 Spaces per 1,000 SF Leased)

Amenities

  • Kitchen
  • Basement
  • Central Heating
  • High Ceilings
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 48-11-12-304-129.000-003
  • 48-11-12-304-128.000-003
  • 48-11-12-304-127.000-003
  • 48-11-12-304-130.000-003
  • 48-11-12-304-132.000-003
Land Assessment
$28,300 (2023)
Improvements Assessment
$348,900 (2023)
Total Assessment
$377,200 (2023)
Annual Taxes
$11,477 ($0.52/SF)
Tax Year
2022 Payable 2023
  • Listing ID: 29401882

  • Date on Market: 8/30/2023

  • Last Updated:

  • Address: 403 W 8th St, Anderson, IN 46016

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