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    516 Lewis & Clark Pkwy Clarksville, IN 47129

    For Sale
    $1,900,000

    Prime I-65 location, ample parking.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional business opportunity presents a substantial 21,500 square foot building ideally situated just off I-65's Exit 4, on Lewis & Clark Parkway in Clarksville, Indiana. Boasting over 120 parking spaces and 150 feet of prime road frontage, this property offers unparalleled visibility and accessibility. The building's former use as a successful eye clinic speaks to its suitability for a variety of businesses. Currently, approximately 19,000 square feet is available for lease, providing significant space for expansion or multiple tenants. A portion of the building (2,500 square feet) is already leased to a tenant under a recently signed two-year lease, generating immediate income potential. The property sits on a generous 1.82-acre lot, offering ample room for outdoor activities or further development. This turnkey opportunity combines a strategic location with substantial space and existing income, making it an attractive investment for discerning buyers seeking a high-impact commercial property in a thriving area. The property's size and location make it suitable for a wide range of commercial uses, offering flexibility and potential for significant return on investment. Serious inquiries are encouraged.

    Property Features for 516 Lewis & Clark Pkwy

    General Information

    Property type
    Investment properties
    Lot Size
    79,279 SF

    Building Details

    Year Built
    1984
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.76596
    Latitude
    38.31124

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    FAQs

    What type of property is this?
    Investment property - Prime I-65 location, ample parking.
    Where is this investment property located?
    The property is located at 516 Lewis & Clark Pkwy Clarksville, IN.
    What is the asking price?
    The asking price for this property is $1,900,000.
    (812) 944-9800
    Request Owner's contact information
    516 Lewis & Clark Pkwy Clarksville, IN 47129
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    516 Lewis & Clark Pkwy Clarksville, IN 47129
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