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    888 N State Road 3 Lexington, IN 47138

    For Sale
    $350,000

    Commercial lots available at a busy intersection in Lexington, IN.

    Lot size:
    8.63 Acres

    Property Features for 888 N State Road 3

    General Information

    Lot size
    8.63 Acres

    Source: Baker Commercial Real Estate Agent Jim Baker

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

    Overview

    Commercial Lots at State Road

    Three commercial lots are available for sale in Scott County, Indiana. The lots are located at the intersection of State Road 3 and 56, approximately 7 miles east of Scottsburg, IN/I-65 Exit 29, and 14 miles west of Madison, IN. Parcel A consists of 2 acres, Parcel B consists of 2 acres, and Parcel C consists of 2 acres. The entire 8.626 acre site is also available for purchase. The location is suitable for a convenience store/gas station, dollar store, other retail uses, or self-storage.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Wholesale Shop HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Scott
    State
    Indiana
    Longitude
    -85.657318
    Latitude
    38.707399

    Nearby Similar for Sale

    • $1,499,000
      2,314 SF

      Lexington Farm Estate with Income

      124-acre farm with remodeled home, CRP income, and tillable land.
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      View Details

    FAQs

    What type of property is this?
    Individual retail property - Commercial lots available at a busy intersection in Lexington, IN.
    Where is this individual retail property located?
    The property is located at 888 N State Road 3 Lexington, IN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Located at the intersection of State Road 3 and 56, a busy intersection with high visibility.; - Suitable for a variety of commercial uses including C-store/gas station, dollar store, other retail, or self-storage.; - Three parcels available for purchase individually or as an entire 8.626 acre site.
    (502) 523-6444
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    Lexington, IN 47138
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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
    888 N State Road 3 Lexington, IN 47138
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