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    4932 Charlestown Rd New Albany, IN 47150

    Sponsored
    For Sale
    Contact for pricing

    2.77 Acres, High-Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 2.77-acre parcel, located at the hard corner of Charlestown Road and Autumn Hill Trail in New Albany, Indiana, presents a compelling investment opportunity. Situated in Floyd County (APN 005-25700-29), the property is currently zoned RS and offers significant potential for commercial development, though a variance or zoning change may be required. Its strategic location, just 1.5 miles northeast of I-265 and 1.5 miles southwest of Highway 60, provides exceptional accessibility and visibility. Surrounded by thriving residential neighborhoods exhibiting positive growth trends, this site benefits from a strong existing infrastructure and a desirable demographic profile. The fee simple ownership offers complete control and flexibility for future development plans. The property's size and location make it suitable for a variety of commercial uses, capitalizing on the area's continued expansion and high demand for commercial space. This is a rare opportunity to acquire a substantial land parcel in a prime location with significant upside potential. The property's address is 4932 Charlestown Rd, New Albany, IN 47150.

    Property Features for 4932 Charlestown Rd

    General Information

    Property type
    Land
    Lot Size
    120,661 SF

    HighLights

    • 2.77‑acre land parcel in New Albany, IN.
    • Located at the hard corner of Charlestown Road and Autumn Hill Trail.
    • Currently zoned RS (Floyd County, IN); rezoning may be required for commercial use.
    • Excellent location, 1.5 miles from I‑265 and Highway 60.
    • Fee simple ownership; For sale by owner; Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Danny Short, Realtor Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.781783561628
    Latitude
    38.36281886252

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    FAQs

    What type of property is this?
    Land - 2.77 Acres, High-Growth Area
    Where is this land located?
    The property is located at 4932 Charlestown Rd New Albany, IN.
    What are key features of this property?
    This property features: 2.77-acre land parcel in New Albany, IN.; Located at the hard corner of Charlestown Road and Autumn Hill Trail.; Currently zoned RS (Floyd County, IN); rezoning may be required for commercial use.
    (502) 694-0070
    Request Owner's contact information
    4932 Charlestown Rd New Albany, IN 47150
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    New Albany, IN 47150
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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
    4932 Charlestown Rd New Albany, IN 47150
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