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    62 Plot A Of 11452 Hwy Charlestown, IN 47111

    For Sale
    $2,704,800

    Prime 11.5-Acre Commercial Plot

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 11.5-acre commercial parcel, identified as Plot A of 11452 Highway 62 in Charlestown, Indiana, presents a remarkable development opportunity. The land is notably flat and cleared, ready for immediate construction. Benefiting from excellent visibility and accessibility, the property boasts significant road frontage on both Highway 62 and Patrol Road. Essential utilities are readily available, including natural gas, electricity, city water, and sewage. The B-1 Commercial zoning allows for a diverse range of uses, encompassing retail establishments, restaurants, office spaces, apartments, hotels, and multifamily residential developments. This makes it an ideal location for a variety of commercial ventures. The property's strategic location and versatile zoning regulations combine to create a compelling investment prospect. This is a rare opportunity to acquire a substantial tract of land in a thriving area. Detailed information regarding taxes, precise measurements, acreage, and road frontage should be independently verified by prospective buyers. Additional adjacent plots (B, C, E, and F) are also available for purchase. This presents a unique chance to acquire a larger contiguous area for a significant development project. Don't miss this chance to secure a prime piece of Charlestown real estate.

    Property Features for 62 Plot A Of 11452 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    500,940 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Charlestown
    County
    Clark
    State
    Indiana
    Longitude
    -85.6553
    Latitude
    38.4496

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 11.5-Acre Commercial Plot
    Where is this commercial real estate located?
    The property is located at 62 Plot A Of 11452 Hwy Charlestown, IN.
    What is the asking price?
    The asking price for this property is $2,704,800.
    (502) 645-3293
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    62 Plot A Of 11452 Hwy Charlestown, IN 47111
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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
    62 Plot A Of 11452 Hwy Charlestown, IN 47111
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