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    4522 Old State Route 261 Newburgh, IN 47630

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    For Sale
    $395,000

    Highly visible 1.77-acre commercial land in thriving Newburgh, Indiana.

    Lot size:
    1.77 Acres

    Property Features for 4522 Old State Route 261

    General Information

    Lot size
    1.77 Acres

    Source: SVN | The Martin Group Agent Andy Martin

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

    Overview

    Prime Commercial Land in Newburgh

    Located at the highly visible intersection of Outer Lincoln Ave and 66 State St in Newburgh, Indiana, this 1.77-acre lot presents a compelling commercial real estate investment opportunity. Zoned C-2, the property offers versatility for a range of commercial uses. Situated in the thriving Newburgh community, this valuable plot is a strategic investment opportunity for land or retail investors. The intersection has an average daily traffic count of over 15,300, which provides great daily traffic flow. Boasting excellent connectivity and visibility, it is an ideal location for businesses looking to establish a presence in this vibrant community. The property is surrounded by a vibrant community and an array of local amenities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Warrick
    State
    Indiana
    Longitude
    -87.393795
    Latitude
    37.971984

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    FAQs

    What type of property is this?
    Commercial land - Highly visible 1.77-acre commercial land in thriving Newburgh, Indiana.
    Where is this commercial land located?
    The property is located at 4522 Old State Route 261 Newburgh, IN.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - High-visibility location at the intersection of Outer Lincon Ave and 66 State St.; - Zoned C-2, allowing for a range of commercial uses.; - Located in the thriving Newburgh community.
    (812) 573-3500
    Request Owner's contact information
    4522 Old State Route 261 Newburgh, IN 47630
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    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
    4522 Old State Route 261 Newburgh, IN 47630
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