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    6705 Highway 311 Sellersburg, IN 47172

    For Sale
    $600,000

    High-traffic location, 1.46 acres, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.46-acre commercial land parcel presents a prime development opportunity in Sellersburg, Indiana. Located at 6705 Hwy 311 (Charlestown Road), this property boasts a highly visible position, situated directly across from established businesses including CVS and Walgreens, and adjacent to a new multifamily development. The R2 zoning permits a variety of commercial uses, making it ideal for investors seeking high-return potential. The lot's size offers ample space for a range of projects, from retail establishments to smaller commercial buildings. Its strategic location at the northern edge of the intersection of Hwy 311/Charlestown Road and County Line Road ensures significant exposure to a substantial daily traffic volume. The asking price is $600,000, translating to approximately $410,958 per acre, reflecting the property's exceptional value and location within a thriving commercial corridor. The Clark County Assessor's Parcel Number (APN) is 100908800101000030. This property is ready for immediate development and offers a unique chance to capitalize on the growth and potential of this dynamic area. Don't miss this opportunity to secure a highly desirable commercial site in a rapidly developing market.

    Property Features for 6705 Highway 311

    General Information

    Property type
    Land
    Lot Size
    63,598 SF

    HighLights

    • 1.46‑acre commercial land parcel in Sellersburg, Indiana, at 6705 Hwy 311 (Charlestown Road).
    • High visibility location across from CVS and Walgreens, adjacent to a new multifamily development.
    • R2 zoning allows for various commercial uses.
    • $600,000 asking price ($410,958 per acre).
    • Clark County Assessor's Parcel Number: 100908800101000030.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sellersburg
    County
    Clark
    State
    Indiana
    Longitude
    -85.7759626
    Latitude
    38.368887

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    FAQs

    What type of property is this?
    Land - High-traffic location, 1.46 acres, development ready.
    Where is this land located?
    The property is located at 6705 Highway 311 Sellersburg, IN.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 1.46-acre commercial land parcel in Sellersburg, Indiana, at 6705 Hwy 311 (Charlestown Road).; High visibility location across from CVS and Walgreens, adjacent to a new multifamily development.; R2 zoning allows for various commercial uses.
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    Sellersburg, IN 47172
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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
    6705 Highway 311 Sellersburg, IN 47172
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