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    5927 Highway 31 Clarksville, IN 47129

    For Sale
    $49,900

    Prime Vacant Lot, High Traffic Area

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This 0.16-acre vacant lot is located at 5927 Highway 31 E in Clarksville, Indiana, offering exceptional visibility and accessibility. Its prime location on Highway 31 ensures high traffic volume, providing significant exposure for any business. The property's proximity to local amenities and the Clark County Airport further enhances its appeal, promising increased foot traffic and convenient access for customers and employees. This presents a unique opportunity for entrepreneurs seeking a high-visibility location to establish a new business or expand an existing one. The lot's size allows for flexible development, accommodating a variety of business types and sizes. Clarksville's thriving business environment and dynamic community provide a supportive backdrop for growth and success. This is an exceptional opportunity to capitalize on a highly desirable location with immense potential for return on investment. The property is priced at $49,900 and is ready for immediate development. This is a rare opportunity to secure a prominent location in a rapidly growing area. Don't miss out on this chance to establish your business in a prime location with significant growth potential.

    Property Features for 5927 Highway 31

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,970 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel Kitchen & Bath Auto Parts Store Discount Store Electronics Store Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Clark
    State
    Indiana
    Longitude
    -85.74698
    Latitude
    38.34847

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Vacant Lot, High Traffic Area
    Where is this commercial real estate located?
    The property is located at 5927 Highway 31 Clarksville, IN.
    What is the asking price?
    The asking price for this property is $49,900.
    (812) 948-2888
    Request Owner's contact information
    5927 Highway 31 Clarksville, IN 47129
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    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
    5927 Highway 31 Clarksville, IN 47129
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