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    516 Lewis & Clark Pkwy Clarksville, IN 47129

    Sponsored
    For Sale
    Contact for pricing

    Prime I-65 location, ample parking.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional business opportunity is situated at 516 E Lewis & Clark Parkway in Clarksville, Indiana, boasting a highly visible location just off I-65 Exit #4. The property features over 150 feet of frontage on Lewis & Clark Parkway, providing excellent exposure to a high volume of traffic. A significant advantage is the availability of over 120 parking spaces, ensuring ample accommodation for clients and employees. The building previously housed Bizer Eye Clinic and more recently, Planet Fitness, which relocated to a larger space in September 2022. Currently, one private office space is immediately available for lease. Adding to the property's appeal is a recently signed two-year lease with a home health care agency, providing a stable income stream. The property sits on a sizable 1.82-acre lot, offering potential for future expansion or development. This is a rare opportunity to acquire a well-located commercial property with significant existing infrastructure and immediate income potential in a thriving area. The high visibility and ample parking make this an ideal location for a variety of businesses. Serious inquiries are encouraged. The asking price is $14 million.

    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 $14.
    (812) 944-9800
    Request Owner's contact information
    516 Lewis & Clark Pkwy 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
    516 Lewis & Clark Pkwy Clarksville, IN 47129
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