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    1402 State Road 56 Scottsburg, IN 47170

    For Sale
    $718,800

    Four Build-Ready Parcels, High Traffic

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    Westwood Crossing presents a unique investment opportunity in Scottsburg, Indiana. This exceptional offering encompasses four build-ready parcels totaling 2.53 acres, strategically located at 1402 W State Rd 56. The property boasts a prime location, just 1400 feet west of the Walmart entrance, ensuring high visibility and significant foot traffic. Each parcel surpasses the dimensional requirements stipulated by the Scott County Zoning Ordinance for B-1 local businesses, providing flexibility for a diverse range of commercial developments. The preliminary site plan, while conceptual, showcases the potential for various uses, including office spaces, medical facilities, restaurants, and fast-food establishments. This plan is subject to modification to accommodate the specific needs and designs of future commercial entities. The seller is offering all four parcels as a single package, presenting a compelling opportunity for developers seeking a high-traffic location with significant development potential. This is a turnkey opportunity to establish a thriving commercial presence in a rapidly growing area. The property's size and location make it ideal for a variety of commercial ventures, ensuring a strong return on investment. Serious inquiries are encouraged to explore this exceptional commercial land opportunity.

    Property Features for 1402 State Road 56

    General Information

    Property type
    Investment properties
    Lot Size
    110,207 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsburg
    County
    Scott
    State
    Indiana
    Longitude
    -85.80225
    Latitude
    38.68547

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    FAQs

    What type of property is this?
    Investment property - Four Build-Ready Parcels, High Traffic
    Where is this investment property located?
    The property is located at 1402 State Road 56 Scottsburg, IN.
    What is the asking price?
    The asking price for this property is $718,800.
    (812) 752-3844
    Request Owner's contact information
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    Scottsburg, IN 47170
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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
    1402 State Road 56 Scottsburg, IN 47170
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