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    241 Scatterfield Rd Anderson, IN 46012

    Sponsored
    For Sale
    $1,934,500

    21.55 Acres, B-3 Zoning, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 21.55-acre commercial land parcel in Anderson, Indiana, presents a unique investment opportunity. Located at 241 S Scatterfield Rd, this property is comprised of four distinct parcels ranging in size from 1.56 acres to 8.88 acres, offering flexibility for various development scenarios. The property boasts a prime location with high visibility, situated near established businesses such as CVS, Old National Bank, and Social Security. Zoned B-3 (planned neighborhood shopping center), the land allows for a wide range of commercial uses. Two parcels facing Scatterfield Road are priced at $150,000 per acre (2.99 and 1.56 acres respectively), while the 8.12-acre parcel facing University Boulevard is priced at $100,000 per acre. The remaining 8.88-acre parcel, situated at the northwest corner, is offered at $50,000 per acre. The total asking price for the entire 21.55 acres is $1,934,500. Individual parcels may be purchased separately. The seller, a developer, is open to build-to-suit options with a long-term triple-net (NNN) lease. The property's APN numbers are 481207104063000003 and 48127104062000003. An aerial photo illustrating the approximate lot configurations is available upon request. This is an ideal opportunity for developers seeking a strategic location with high potential for return.

    Property Features for 241 Scatterfield Rd

    General Information

    Property type
    Land
    Lot Size
    938,718 SF

    HighLights

    • 21.55‑acre commercial land parcel in Anderson, Indiana, ideal for development.
    • Four parcels ranging from 1.56 to 8.88 acres, offering flexibility.
    • Prime location near CVS, Old National Bank, and Social Security, with high visibility.
    • B‑3 zoning allows for diverse commercial uses.
    • Pricing varies by parcel, ranging from $50,000 to $150,000 per acre.
    • Total asking price: $1,934,500; individual parcels available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carpenter Realtors Real Estate Agency Kevin Majeski | REALTOR Real Estate Agent Krista Reyes-Carpenter Realtor Real Estate Agent Becky Boles-Carpenter Realtors Real Estate Agent Reanna Southard Realtor Real Estate Agent

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.6533012
    Latitude
    40.1140829

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    FAQs

    What type of property is this?
    Land - 21.55 Acres, B-3 Zoning, Excellent Location
    Where is this land located?
    The property is located at 241 Scatterfield Rd Anderson, IN.
    What is the asking price?
    The asking price for this property is $1,934,500.
    What are key features of this property?
    This property features: 21.55-acre commercial land parcel in Anderson, Indiana, ideal for development.; Four parcels ranging from 1.56 to 8.88 acres, offering flexibility.; Prime location near CVS, Old National Bank, and Social Security, with high visibility.
    (765) 425-1008
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    241 Scatterfield Rd Anderson, IN 46012
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    Anderson, IN 46012
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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
    241 Scatterfield Rd Anderson, IN 46012
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