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    65 & Memphis Blue Lick Rd Memphis, IN 47143

    Sponsored
    For Sale
    $10,920,000

    21.84 Acres, Hwy 65 Access, $10.92M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity: 21.84 acres of land in Memphis, Indiana, strategically located off Highway 65 and Memphis Blue Lick Road. This versatile property boasts a mix of zoning designations, including 18.624 acres zoned M1 (Light Industrial) and 3.216 acres zoned AG (General Agriculture), offering flexibility for a wide range of commercial, industrial, or agricultural uses. The asking price is $10,920,000. The property's prime location provides excellent accessibility and visibility, making it ideal for businesses seeking a strong presence in a growing area of Clark County. With its substantial acreage and diverse zoning, this property presents a unique chance to develop a significant project or expand existing operations. The 100% ownership provides complete control and potential for substantial return on investment. This is a rare opportunity to acquire a large parcel of land in a desirable location with excellent transportation links. The property's address is off Highway 65 and Memphis Blue Lick Road, Memphis, IN 47143. Don't miss this chance to secure a valuable asset in Southern Indiana.

    Property Features for 65 & Memphis Blue Lick Rd

    General Information

    Property type
    Farms
    Lot Size
    472,190 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Clark
    State
    Indiana
    Longitude
    -85.7877008
    Latitude
    38.4981991

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    FAQs

    What type of property is this?
    Farm - 21.84 Acres, Hwy 65 Access, $10.92M
    Where is this farm located?
    The property is located at 65 & Memphis Blue Lick Rd Memphis, IN.
    What is the asking price?
    The asking price for this property is $10,920,000.
    Request Owner's contact information
    65 & Memphis Blue Lick Rd Memphis, IN 47143
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    Memphis, IN 47143
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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
    65 & Memphis Blue Lick Rd Memphis, IN 47143
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