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    Mahalasville Rd Martinsville, IN 46151

    For Sale
    Contact for pricing

    15.25 Acres, Multifamily Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 15.25-acre commercial land parcel presents a compelling investment opportunity in the thriving Martinsville, Indiana growth corridor. Strategically located near the intersection of Mahalasville Road and Artesian Avenue, this property boasts a prime location with significant development potential. The site is pre-approved and zoned for multifamily development, making it ideal for a large-scale residential project. The area is experiencing substantial growth, evidenced by the construction of over 300 single-family homes on nearby Artesian Avenue. This underscores the strong demand and potential for future appreciation. The property's proximity to the new I-65 interchange provides excellent access to major transportation routes, further enhancing its desirability. Furthermore, its location just 20 miles north of Bloomington and Indiana University, with its over 50,000 students, offers a substantial and readily available workforce pool and consumer base. This presents a unique chance to capitalize on the burgeoning residential market in a rapidly developing area with excellent infrastructure and access to a large population center. The property's zoning and pre-approval significantly streamline the development process, minimizing delays and maximizing return on investment. This is a rare opportunity to acquire a large, well-located parcel in a high-growth area. The zip code is 46151, and the property is situated in Morgan County, Indiana.

    Property Features for 0 Mahalasville Rd

    General Information

    Property type
    Land

    HighLights

    • 15.25‑acre commercial land parcel for sale in Martinsville, Indiana.
    • Pre‑approved and zoned for multifamily development.
    • Located in a growth corridor with over 300 single‑family homes under construction nearby.
    • Less than 0.5 miles from the new I‑65 interchange.
    • Approximately 20 miles north of Bloomington and Indiana University.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.3999668
    Latitude
    39.3846241

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    FAQs

    What type of property is this?
    Land - 15.25 Acres, Multifamily Potential
    Where is this land located?
    The property is located at Mahalasville Rd Martinsville, IN.
    What are key features of this property?
    This property features: 15.25-acre commercial land parcel for sale in Martinsville, Indiana.; Pre-approved and zoned for multifamily development.; Located in a growth corridor with over 300 single-family homes under construction nearby.
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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
    Mahalasville Rd Martinsville, IN 46151
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