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    8 Cumberland Dr Washington, IN 47501

    For Sale
    $800,000

    Two-acre parcel with completed groundwork for hotel or apartments.

    Lot size:
    2.00 Acres

    Property Features for 8 Cumberland Dr

    General Information

    Lot size
    2.00 Acres

    Source: Woodward Commercial Realty, Inc. Agent Susan Racine

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

    Overview

    Land Ready for Development

    This 2-acre parcel of vacant land, situated on the north side of Cumberland Drive in Washington, Indiana, presents an opportunity for development. The site, previously intended for a 73-room hotel, has completed groundwork and permits in place. City utilities are available. The property is located across from the Baymont Inn & Suites and is surrounded by businesses such as Walmart Supercenter, Chuckles Food Mart, Burger King, Quick Care Clinic, and Papa Johns. Completed items for this site include a Landmark Surveying Co. survey, architecture plans by Donovan + Donovan, testing and inspection, excavation by United Excavating, construction work by Knepp Builders LLC, Don Gress Construction, and Taber Owens Construction, as well as city and state permits. The site is suitable for building a hotel or apartments.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Daviess
    State
    Indiana
    Longitude
    -87.17759
    Latitude
    38.63183

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    FAQs

    What type of property is this?
    Land - Two-acre parcel with completed groundwork for hotel or apartments.
    Where is this land located?
    The property is located at 8 Cumberland Dr Washington, IN.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Permits and groundwork are already completed for a 73-room hotel or apartment development.; - The property includes a poured slab, architectural drawings, and completed site work.; - City utilities are already in place.
    (812) 459-1463
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    8 Cumberland Dr Washington, IN 47501
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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
    8 Cumberland Dr Washington, IN 47501
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