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    4300 Lenn Rd Newburgh, IN 47630

    Sponsored
    For Sale
    $698,600

    Prime 14-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 14-acre commercial land parcel in Newburgh, Indiana, presents a unique development opportunity. Located at 4300 Lenn Rd (APN 87-12-35-200-011.000-019), this property is zoned R-1 A and offers a beautiful setting just off Sharon Rd. Its proximity to residential areas, including homes and apartments, and its location a quarter-mile from Sharon Elementary School, make it particularly attractive for multi-family development. The site's potential is further enhanced by the planned installation of new sewer access in the southeast corner. While an existing gas pipeline running east to west necessitates the preservation of a green space corridor, this constraint can be creatively incorporated into the development plan, perhaps by including a dog park or playground. The asking price for this exceptional property is $698,600. This presents a compelling investment opportunity given the location, zoning, and potential for high-density residential development. Serious inquiries are encouraged.

    Property Features for 4300 Lenn Rd

    General Information

    Property type
    Land
    Lot Size
    609,840 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Warrick
    State
    Indiana
    Longitude
    -87.3816375
    Latitude
    37.9706802

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    FAQs

    What type of property is this?
    Land - Prime 14-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 4300 Lenn Rd Newburgh, IN.
    What is the asking price?
    The asking price for this property is $698,600.
    (812) 455-0001
    Request Owner's contact information
    4300 Lenn Rd Newburgh, IN 47630
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    Newburgh, IN 47630
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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 Lenn Rd Newburgh, IN 47630
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