40+ Years in Business - Your Auction & Real Estate Experts.

PROMINENT COMMERCIAL BUILDING


515 Main Street New Harmony, IN 47631


listing Highlights

Former 2-Unit Cinema
(3) Market Rate Rental Apartments
Located on prominent high traffic corner of Main & Tavern Street
Well maintained building

OFFERED AT $325,000


listing Information

The building consists of a main level of 4,110 SF constructed as a 2-unit cinema and currently utilized as a commercial lease unit with a reception lobby, small office, and two commercial restrooms. One of the two theater units is still intact, providing for 63-seats and a high definition DVD player. Flooring is a mix of tile and carpet.


The upper level consists of three market-rate apartments. One unit is a two-bedroom, while the other (2) units contain one-bedroom. The apartments boast zero vacancy.


The property is zoned Business and the site comprises 64 of frontage along Main Street and 102 in depth along Tavern Street. The property has a private rear access walk, along with 6x6 storage lockers for each apartment tenant. Additionally, the property has an elevator to provide service to the second floor. 


The property is serviced by Vectren and Town of New Harmony Utilities, and no gas is located within the property. The entire building is sprinkled for fire suppression. 


With income from the second floor apartments this building would lend itself to an owner occupant operating a retail, office, or flex space.

OFFERED AT $325,000


Property Maps

Terms & Conditions

Listing Files

nhfuture-flyer

Location Map