Prime Commercial Development
For Sale
$263,000
0001 Emerson Ave, New Castle, IN 47362
4-acre corner parcel in growing mixed-use corridor.
Property SizeContact for details
Lot Size4.00 Acres
Days on Market212
Property Features for 0001 Emerson Ave
General Information
Standard status
Active
Lot size
4.00 Acres
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$3,607
Listing Agency:
RE/MAX First Integrity
Listed By:
Susan Neal · License #RB14024543
(765) 529-2211
Source:
Exprealty
Added: Mar 10
Changed: Oct 2
Last Checked: Oct 5 at 8:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX First Integrity
Investment Insights
Based on property information with market context.
This 4-acre corner parcel presents a commercial development opportunity within the Northfield Complex on Emerson Avenue in New Castle, Indiana. Situated in an active mixed-use corridor, the site is suitable for various commercial or multi-family development concepts. The property features approximately 400 feet by 460 feet of frontage on a visible corner location, providing access, layout flexibility, and development presence. The level topography allows for efficient site planning and reduced preparation costs. All utilities are available at or near the site. Located off State Road 3, it offers connectivity to State Road 38, State Road 36, Interstate 70, and downtown New Castle. The surrounding Northfield Complex includes a hospital campus, YMCA, medical offices, and professional service users. A newly developed upscale residential subdivision featuring over 80 homes strengthens the area's growth. Zoned C-2, the parcel allows for multi-family residential, retail, medical office, restaurant, and service-oriented development. Additional adjoining land may be available for larger projects or phased expansion. The seller reserves the right to approve the buyer's intended use and can provide a survey of the entire parcel and past environmental reports to serious buyers.
Key Highlights
- Premier 4‑acre corner parcel in the established Northfield Complex.
- Excellent visibility and access with approximately 400 ft x 460 ft frontage on a high‑traffic corner location.
- Level topography and readily available utilities enable efficient site planning.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 47362, IN
30,184
Population
12,523
Households
2.4
Avg Household Size
43
Median Age
15%
College-Educated
89%
High-School Grad
147.7 sq mi
ZIP Area
204
Density / Sq Mi
$56,564
Median Household Income
$38,568
Median Earnings
$792
Median Rent
$131,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - 4-acre corner parcel in growing mixed-use corridor.
Where is this commercial land located?
The property is located at 0001 Emerson Ave New Castle, IN.
What is the asking price?
The asking price for this property is $263,000.
What are key features of this property?
This property features: Premier 4‑acre corner parcel in the established Northfield Complex.; Excellent visibility and access with approximately 400 ft x 460 ft frontage on a high‑traffic corner location.; Level topography and readily available utilities enable efficient site planning.
