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    Coomer Way Charlestown, IN 47111

    Sponsored
    For Sale
    $3,500,000

    Prime Charlestown acreage, ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 27.24-acre parcel presents a unique investment opportunity in Charlestown, Indiana. Strategically located off Highway 403, flanking the newly constructed Coomer Way, this property enjoys convenient access to the vibrant downtown area and the rapidly expanding River Ridge Commerce Park, just minutes away. Zoned for residential use, this expansive land offers significant potential for a variety of development projects, catering to diverse needs. The asking price is $3,500,000, translating to $128,000 per acre, reflecting the land's high value and promising future. The property's location within Clark County, Indiana, and its proximity to key infrastructure and commercial hubs make it an attractive proposition for both residential and commercial ventures. With its substantial size and strategic positioning, this land is ripe for development, promising substantial returns for the discerning investor. The property is located at Coomer Way, Charlestown, IN 47111. This is a for sale by owner listing.

    Property Features for 0 Coomer Way

    General Information

    Property type
    Land
    Lot Size
    1,186,574 SF

    HighLights

    • 27.24‑acre parcel in Charlestown, IN, zoned residential.
    • Prime location off Highway 403, near Coomer Way and River Ridge Commerce Park.
    • Asking price: $3,500,000 ($128,000/acre).
    • For sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Charlestown
    County
    Clark
    State
    Indiana
    Longitude
    -85.6765585
    Latitude
    38.4473325

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    FAQs

    What type of property is this?
    Land - Prime Charlestown acreage, ideal for mixed-use development.
    Where is this land located?
    The property is located at Coomer Way Charlestown, IN.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 27.24-acre parcel in Charlestown, IN, zoned residential.; Prime location off Highway 403, near Coomer Way and River Ridge Commerce Park.; Asking price: $3,500,000 ($128,000/acre).
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    Coomer Way Charlestown, IN 47111
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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
    Coomer Way Charlestown, IN 47111
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