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337 Us Highway 421 Versailles, IN 47042

For Sale
$495,000

23-Acre Mixed-Use Property, Huge Potential

Description

Added:
Feb 3, 2025
Days on Market:
308
This exceptional 23+ acre property presents a unique investment opportunity in Versailles, Indiana. Currently operating as the beloved Bel Air Drive-In movie theater for over 73 years, this iconic location boasts significant potential for diverse uses. The property features frontage on two roads, providing excellent accessibility. Improvements include a 1000 square foot concession building offering a variety of food and drink options, a projector room equipped for digital movie downloads, and an office. Three oversized pole barn garages provide ample storage space. The expansive grounds also include several large ponds and approximately 12-14 acres of woodlands. The property's versatility allows for various development options, including subdivision for residential building sites, the installation of storage units, potential solar fields, or the creation of a recreational/campground. Its prime location offers easy access to major metropolitan areas, being less than an hour from Cincinnati, Ohio and Florence, Kentucky, and approximately 75 miles from both Indianapolis and Louisville, Kentucky. This nostalgic property offers a blend of established business and significant future development potential, making it an attractive investment for those seeking a unique and versatile asset. The existing drive-in theater provides immediate income potential while the vast acreage allows for a wide range of future development possibilities.

Property Features for 337 Us Highway 421

General Information

Property type
Investment properties
Lot Size
1,001,880 SF

Building Details

Year Built
1952

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Investment properties

Suggested Use

Restaurant Law Firm Dental Office Wholesale Shop Clothing Store Auto Parts Store Department Store HVAC Service Storage Facility Garden Center

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

Location Insight

  • Map
  • Local Demand
City
Versailles
County
Ripley
State
Indiana
Longitude
-85.27365
Latitude
39.07977

FAQs

What type of property is this?
Investment property - 23-Acre Mixed-Use Property, Huge Potential
Where is this investment property located?
The property is located at 337 Us Highway 421 Versailles, IN.
What is the asking price?
The asking price for this property is $495,000.
More about this property
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