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    4300 Western Ave Connersville, IN 47331

    For Sale
    $1,095,000

    4.38 Acres, High-Traffic Location, $1.095M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 4.38-acre commercial land parcel presents a unique investment opportunity in Connersville, Indiana. Located at 4300 Western Ave, 47331, this property boasts a prime location immediately adjacent to a Walmart store, ensuring high visibility and significant foot traffic. The site is zoned GB and offers substantial redevelopment potential. Its strategic position just south of Connersville Airport and near Ivy Tech Community College further enhances its appeal. The property features frontage on a busy highway, guaranteeing excellent traffic counts. This large lot is ideal for a variety of commercial uses, including the potential conversion of an existing motel into multi-family housing. The asking price is $1,095,000, translating to $250,000 per acre. This land is situated within the 2024 QCT Tract, providing additional advantages for investors. The property's size, location, and zoning make it an attractive proposition for developers and investors seeking a high-impact commercial investment in a thriving area. Don't miss this chance to acquire a strategically located parcel with significant upside potential.

    Property Features for 4300 Western Ave

    General Information

    Property type
    Land
    Lot Size
    190,793 SF

    HighLights

    • 4.38‑acre commercial land parcel in Connersville, IN, near Connersville Airport and Ivy Tech Community College.
    • Adjacent to Walmart, ensuring high visibility and traffic.
    • Large lot zoned GB, ideal for redevelopment.
    • Potential for motel conversion to multi‑family housing.
    • Frontage on a busy highway with high traffic counts.
    • Located within the 2024 QCT Tract.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Connersville
    County
    Fayette
    State
    Indiana
    Longitude
    -85.1374227
    Latitude
    39.6855702

    Nearby Comparable

    • $1,095,000

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    Nearby Similar for Sale

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      Connersville Mixed-Use Property for Sale

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      Connersville Office Building For Sale

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      Connersville Office/Medical Building For Sale

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      Connersville Commercial Office Building

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    FAQs

    What type of property is this?
    Land - 4.38 Acres, High-Traffic Location, $1.095M
    Where is this land located?
    The property is located at 4300 Western Ave Connersville, IN.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: 4.38-acre commercial land parcel in Connersville, IN, near Connersville Airport and Ivy Tech Community College.; Adjacent to Walmart, ensuring high visibility and traffic.; Large lot zoned GB, ideal for redevelopment.
    Request Owner's contact information
    4300 Western Ave Connersville, IN 47331
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    Connersville, IN 47331
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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
    4300 Western Ave Connersville, IN 47331
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