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    629 W Lake Rd W Scottsburg, IN 47170

    For Sale
    $454,640

    High-visibility corner lot ideal for retail or restaurant development.

    Lot size:
    6.56 Acres

    Property Features for 629 W Lake Rd W

    General Information

    Lot size
    6.56 Acres

    Source: Bass Group Real Estate Agent Bobby Bass

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

    Overview

    Prime Commercial Corner Lot

    This commercial corner lot is located at 629 W Lake Rd W in Scottsburg, Indiana. The property is zoned for commercial use and is suited for a convenience store, quick-service restaurant (QSR), or retail development. It is located across from the Scottsburg Industrial Park. Hundreds of new homes are under construction in the area. The property is located in a rapidly expanding economic area with residential and industrial synergy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsburg
    County
    Scott
    State
    Indiana
    Longitude
    -85.794632
    Latitude
    38.682569

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    FAQs

    What type of property is this?
    Commercial land - High-visibility corner lot ideal for retail or restaurant development.
    Where is this commercial land located?
    The property is located at 629 W Lake Rd W Scottsburg, IN.
    What is the asking price?
    The asking price for this property is $454,640.
    What are key features of this property?
    This property features: - High-visibility corner lot in a rapidly growing area.; - Zoned for commercial use, ideal for QSR, convenience store, or retail.; - Located directly across from Scottsburg Industrial Park, providing a built-in customer base.
    (502) 552-1296
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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
    629 W Lake Rd W Scottsburg, IN 47170
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