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5243 S State Road 3 New Castle, IN 47362

For Sale
$3,300,000

5.7 acres with high visibility and redevelopment potential.

Property size:
25,404 SF
Lot size:
5.46 Acres

Property Features for 5243 S State Road 3

General Information

Size
25,404 SF
Lot size
5.46 Acres

Source: Marcus & Millichap | Indianapolis Agent Jordan Klink

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


Overview

I-70 Visible Redevelopment Opportunity

This 5.7-acre property offers a redevelopment opportunity with general business district zoning, permitting various commercial and industrial uses. It features high visibility along both East and Westbound I-70 routes, situated immediately off Exit 123, which experiences approximately 40,000 vehicles per day. The property is located two miles south of the New Castle-Henry County Industrial Park, a +/-1M square foot industrial park that has brought +/-$200M of total investments and +/-1,000 jobs into the community, allowing for a larger future redevelopment opportunity or building expansion for any potential tenant.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Restaurant Wholesale Shop Auto Repair Shop Bar & Pub Auto Parts Store Car Rental Bakery Breakfast Parking Facility

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

Location Insight

  • Map
  • Local Demand
City
New Castle
County
Henry
State
Indiana
Longitude
-85.408322
Latitude
39.85744

FAQs

What type of property is this?
Industrial property - 5.7 acres with high visibility and redevelopment potential.
Where is this industrial property located?
The property is located at 5243 S State Road 3 New Castle, IN.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: - High visibility from I-70 with approximately 40,000 vehicles per day.; - 5.7 acres allowing for redevelopment or building expansion.; - Redevelopment opportunity with General Business District zoning permitting various commercial and industrial uses.
More about this property
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