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    3 Scottsburg Indiana Scottsburg, IN 47170

    For Sale
    $140,000

    1.05 Acres, B-2 Zoning, $140,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.049-acre commercial land parcel presents a prime opportunity for development in Scottsburg, Indiana's thriving West McClain Street retail district. Located in the McClain Business Park, this B-2 zoned lot offers excellent visibility and accessibility, situated in the 1600 block of West McClain Avenue. The property benefits from its proximity to established businesses, including Puerto Vallarta Mexican Restaurant and Divata Dialysis, and is conveniently flanked by Walmart and two retail/office strip centers. Access is readily available from both West McClain Avenue (U.S. Highway 56) and South Lake Road. Scottsburg's strategic location at the intersection of I-65 and U.S. Highway 56 provides easy access to Louisville, Kentucky (30 miles), Indianapolis, Indiana (90 miles), and Cincinnati, Ohio (110 miles). The property is offered at $140,000, representing a price per acre of $162,059.10. This fee simple ownership opportunity allows for immediate development, and additional land is available for larger projects. Scott County's robust manufacturing sector and its history of high-value-added production further enhance the investment potential of this exceptional site. The property is ideal for retail or office development, capitalizing on the area's strong commercial growth and convenient location.

    Property Features for 3 Scottsburg Indiana

    General Information

    Property type
    Land
    Lot Size
    45,694 SF

    HighLights

    • 1.049‑acre commercial land parcel in Scottsburg, Indiana's West McClain Street retail district.
    • B‑2 zoning in McClain Business Park with excellent visibility and accessibility.
    • Located near Walmart, retail/office centers, and established businesses.
    • Easy access from US Highway 56 and South Lake Road; close proximity to I‑65.
    • Offered at $140,000 ($162,059.10/acre); fee simple ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Scottsburg
    County
    Scott
    State
    Indiana
    Longitude
    -85.795601291302
    Latitude
    38.68496996833

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    FAQs

    What type of property is this?
    Land - 1.05 Acres, B-2 Zoning, $140,000
    Where is this land located?
    The property is located at 3 Scottsburg Indiana Scottsburg, IN.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: 1.049-acre commercial land parcel in Scottsburg, Indiana's West McClain Street retail district.; B-2 zoning in McClain Business Park with excellent visibility and accessibility.; Located near Walmart, retail/office centers, and established businesses.
    (812) 528-3028
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    3 Scottsburg Indiana Scottsburg, IN 47170
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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
    3 Scottsburg Indiana Scottsburg, IN 47170
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