Neighborhood Commercial Development
4648 W Smith Valley Road Greenwood, IN 46142
For Sale
$569,000
SINGLE_FAMILY - Greenwood, IN
Lot Size0.89 Acres
Days on Market60
Property Features for 4648 W Smith Valley Road
General Information
Property type
Residential
Property subtype
Retail
Zoning
SR
Standard status
Active
APN
410334034076000038
Lot size
0.89 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E Sw S34 T14 R3
Utilities
Utilities
Cable Available
Listing Agency:
RE/MAX Advanced Realty
(317) 881-3700
Listed By:
Keith Turnbill · License #RB14035185
(317) 298-0961
Added: May 29
Changed: Jun 16
Last Checked: Jul 27 at 10:06PM
MLS# 22105440
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Investment Insights
Based on property information with market context.
This nearly 0.9-acre commercial land parcel is identified for potential neighborhood commercial development and is zoned SR. The site includes existing improvements that may be repurposed for continued use, or the property can be redeveloped for a new commercial project. Frontage along Smith Valley Road totals approximately 125 feet, supporting visibility to passing traffic.
Located at 4648 W Smith Valley Road in Greenwood, Indiana, the property sits in White River Township in Johnson County. Public remarks indicate the Johnson County Comprehensive Plan designates the property as Neighborhood Commercial, which is described as supporting professional office, medical, retail, restaurant, and service-oriented businesses. The listing further notes an estimated 14,000 vehicles per day passing the frontage.
For owner-users and developers, the combination of frontage and the Neighborhood Commercial planning designation provides flexibility in concept and tenant mix within the SR zoning framework. Existing improvements offer an option for continued use, while redevelopment may better align with a new commercial build tailored to neighborhood service needs.
Located at 4648 W Smith Valley Road in Greenwood, Indiana, the property sits in White River Township in Johnson County. Public remarks indicate the Johnson County Comprehensive Plan designates the property as Neighborhood Commercial, which is described as supporting professional office, medical, retail, restaurant, and service-oriented businesses. The listing further notes an estimated 14,000 vehicles per day passing the frontage.
For owner-users and developers, the combination of frontage and the Neighborhood Commercial planning designation provides flexibility in concept and tenant mix within the SR zoning framework. Existing improvements offer an option for continued use, while redevelopment may better align with a new commercial build tailored to neighborhood service needs.
Key Highlights
- 0.89‑acre commercial site in White River Township with Neighborhood Commercial designation (Johnson County Comprehensive Plan).
- Approximately 125 ft of frontage along Smith Valley Road.
- Cable available.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - Nearly 0.9-acre site with about 125 feet of road frontage, suited for a range of neighborhood commercial uses.
Where is this commercial land located?
The property is located at 4648 W Smith Valley Road Greenwood, IN.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 0.89‑acre commercial site in White River Township with Neighborhood Commercial designation (Johnson County Comprehensive Plan).; Approximately 125 ft of frontage along Smith Valley Road.; Cable available.
