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    991 Knable Rd Georgetown, IN 47122

    For Sale
    $499,000

    High-visibility I-64 corner lot, great growth potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 1.41-acre commercial property is strategically located at the intersection of I-64 and State Road 62, exit 118 in Georgetown, Indiana. Boasting high visibility due to its prime corner location, this property presents a unique investment opportunity. The land is offered in three parcels and is zoned for General Commercial use, providing flexibility for a variety of development options. Significant infrastructure improvements have recently been completed, including the installation of new sewer lines and a large water main, making this site ready for immediate development. The area is experiencing substantial growth, with minimal existing amenities, creating a high demand for new commercial ventures. This presents a rare chance to establish a business in a burgeoning market. The property benefits from its proximity to major transportation arteries, including easy interstate access and convenient access to air travel. Furthermore, it's located just one mile from the under-construction Novaparke Innovation & Technology Campus, a large technology park, and a short distance from an Amazon Distribution Center, one exit north on I-64. This location offers a blend of accessibility and proximity to significant economic drivers, making it an ideal site for businesses seeking a strategic location in a rapidly developing area. The rolling hills of Edwardsville, IN provide a picturesque backdrop to this exceptional commercial opportunity. The asking price is $499,000.

    Property Features for 991 Knable Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    61,420 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Dental Office Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Pharmacy Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Floyd
    State
    Indiana
    Longitude
    -85.9101
    Latitude
    38.2868

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility I-64 corner lot, great growth potential.
    Where is this commercial real estate located?
    The property is located at 991 Knable Rd Georgetown, IN.
    What is the asking price?
    The asking price for this property is $499,000.
    (812) 923-7050
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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
    991 Knable Rd Georgetown, IN 47122
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