1313 Morton Ave Martinsville, IN 46151

Listing office Advisor Realtors

Listing date Oct 3, 2022

Source Crexi

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Investment Insights

Based on property information with market context.

This commercial land is situated between the I-69 interchange and the new Taco Bell and McDonald's locations, offering over 600 feet of frontage on SR 39. The property's B3 zoning makes it suitable for a variety of uses, including auto parts, retail, office, restaurant, petroleum/fuel, hospitality, hotel, and convenience store. Located just off I-69 on SR 39, the site is conveniently less than 1/4 mile from the I-69/SR-39 interchange, which features both Northbound and Southbound on/off ramps. The property is adjacent to the new Taco Bell location. Currently, there is only one fuel station within 0.85 miles of this interchange. While a sale is preferred, the owner may consider a NNN lease, build-to-suit, or land lease. The preference is to sell the property as a whole, but splitting it into 2-3 parcels may be considered. An additional 1.8 acres are available through a separate listing, seller, and broker, potentially creating a total of just under 5 acres. A partial 1031 exchange is possible. There is a storage facility and dwelling on the site, but no value is attributed to these structures. An estimated 30-60 day vacate time is required after closing.

Key Highlights

• Prime location with over 600' of SR 39 frontage, ideal for high‑visibility commercial development.
• Highly desirable B3 zoning permits a wide range of uses.
• Located less than 1/4 mile from I‑69 / SR‑39 interchange with convenient on/off ramps.

Property Analytics

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FAQs

What type of property is this?

Commercial land - Excellent location near I-69 interchange with B3 zoning.

Where is this commercial land located?

The property is located at 1313 Morton Ave Martinsville, IN.

What is the asking price?

The asking price for this property is $1,895,000.

What are key features of this property?

This property features: Prime location with over 600' of SR 39 frontage, ideal for high‑visibility commercial development.; Highly desirable B3 zoning permits a wide range of uses.; Located less than 1/4 mile from I‑69 / SR‑39 interchange with convenient on/off ramps.