403 W 8th St
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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 |
Total Expenses | $25,877 | $1.17 |
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
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
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PROPERTY TAXES
Parcel Numbers | Total Assessment | $377,200 (2023) | |
Land Assessment | $28,300 (2023) | Annual Taxes | $11,477 ($0.52/SF) |
Improvements Assessment | $348,900 (2023) | Tax Year | 2022 Payable 2023 |
PROPERTY TAXES
Parcel Numbers
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
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403 W 8th St
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