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    261 State St, Unit Newburgh IN 47630 Newburgh, IN 47630

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    For Sale
    $650,000

    1.16-acre commercial land for sale in a thriving location.

    Property size:
    1 SF
    Lot size:
    1.16 Acres

    Property Features for 261 State St

    General Information

    Size
    1 SF
    Lot size
    1.16 Acres

    Source: Andy Martin, CCIM Agent Andy Martin, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land Opportunity

    This 1.16-acre property is strategically located at an intersection along State Route 261 and is zoned C-1 for versatile commercial use. The property is situated in a thriving commercial district, presenting an enticing prospect for retail and land investment. The C-1 zoning provides the flexibility to bring diverse retail or commercial concepts to life. Located just North of the Lloyd expressway and directly along Interstate 261 in Newburgh, this property is surrounded by a vibrant community and an array of local amenities, making it an ideal investment opportunity for Land and Retail investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stoked Garwood House ... Historical Landmark

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Warrick
    State
    Indiana
    Longitude
    -87.40492
    Latitude
    37.946423

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    FAQs

    What type of property is this?
    Commercial land - 1.16-acre commercial land for sale in a thriving location.
    Where is this commercial land located?
    The property is located at 261 State St, Unit Newburgh IN 47630 Newburgh, IN.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Prime location at an intersection on State Route 261.; - Zoned C-1 for versatile commercial use.; - Located in a thriving commercial district.
    (812) 573-3500
    Request Owner's contact information
    261 State St, Unit Newburgh IN 47630 Newburgh, IN 47630
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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
    261 State St, Unit Newburgh IN 47630 Newburgh, IN 47630
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