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    Market St Unit Charlestown, IN 47111

    For Sale
    $150,000

    Prime Charlestown Development Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 0.92-acre commercial lot, located at Market Street Unit Lot 3 in Charlestown, Indiana, presents a unique investment opportunity. Situated on a high-traffic corner with B1 zoning, this property enjoys excellent visibility and accessibility, surrounded by a dense residential area. Its strategic location offers immediate access to Edgewood Drive, a major thoroughfare serving both residential neighborhoods and North Clark Hospital. The high traffic count makes this an ideal location for a variety of commercial ventures. Potential uses include medical facilities, pharmacies, multi-family dwellings, retail shops, or office space. The site has already undergone preliminary planning, with scaled designs for three fourplex buildings. This suggests significant potential for immediate development. The asking price is $150,000. The seller is open to considering contract sales and build-to-suit options, offering flexibility for potential buyers. This property represents a rare chance to capitalize on the ongoing expansion and growth within Charlestown. All information provided is derived from public records

    Property Features for Market St Unit

    General Information

    Property type
    Other commercial real estate
    Lot Size
    40,075 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlestown
    County
    Clark
    State
    Indiana
    Longitude
    -85.65949
    Latitude
    38.43975

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Charlestown Development Opportunity
    Where is this commercial real estate located?
    The property is located at Market St Unit Charlestown, IN.
    What is the asking price?
    The asking price for this property is $150,000.
    (812) 283-4778
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    Market St Unit 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
    Market St Unit Charlestown, IN 47111
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