Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1313 Morton Ave Martinsville, IN 46151

    For Sale
    Contact for pricing

    High-traffic location, divisible parcels.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This 2.93-acre commercial land parcel in Martinsville, Indiana, enjoys a prime location at the I-69 and State Road 39 interchange. Boasting over 600 feet of SR 39 frontage, this B3-zoned property is ideally suited for a variety of uses, including fuel stations, fast food restaurants, retail, office space, or hospitality businesses. Its strategic position between a new Taco Bell and McDonald's ensures high visibility and accessibility. The property is less than a quarter-mile from the I-69/SR-39 interchange, featuring convenient northbound and southbound on/off ramps. Currently, there's only one fuel station within 0.85 miles of this interchange, highlighting a significant market opportunity. While a sale is preferred, the owner may consider a NNN lease, build-to-suit arrangement, or land lease. The property is divisible into 2-3 parcels, offering flexibility for potential buyers. Existing structures (storage facility and dwelling) are on-site but have no assigned value. A 30-60 day estimated vacate period is anticipated after closing. A partial 1031 exchange may be possible. The address for mapping purposes is 1313 Morton Ave, Martinsville, IN 46151. The property's proximity to other businesses, including O'Reilly and AutoZone, further enhances its appeal.

    Property Features for 1313 Morton Ave

    General Information

    Property type
    Land
    Lot Size
    127,631 SF

    HighLights

    • Excellent I‑69 access.
    • Convenient location near one of only two easy I‑69 interchanges in Martinsville.
    • High visibility near new Taco Bell and McDonald's.
    • Close proximity to O'Reilly and AutoZone.
    • Best I‑69 access on State Road 39 for a fuel station.
    • Ideal site for a small grocery store, such as an Aldi.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.442620828492
    Latitude
    39.407101323308

    Nearby Similar for Sale

    • $449,900
      1,432 SF

      Prime Commercial Corner Lot

      High-visibility corner lot with immediate I-69 access in Martinsville.
      9393 N Waverly Park Rd, Martinsville, IN 46151
      View Details
    • $229,900
      0.20 Acres

      Martinsville Office/Showroom with Development Potential

      Prime location office space in developing Martinsville, near I-69.
      610 E Morgan St, Martinsville, IN 46151
      View Details
    • $435,000
      5,934 SF

      Updated Retail Building in Downtown

      Updated commercial building in revitalized downtown Martinsville, Indiana.
      159 N Main St, Martinsville, IN 46151
      View Details
    • $229,900
      1,390 SF

      Martinsville Office Ready for Business

      Turn-key office space in high-traffic area near I-69.
      610 E Morgan St, Martinsville, IN 46151
      View Details
    • $75,000
      0.63 Acres

      Retail Opportunity in Martinsville, IN

      Retail property available for sale in Martinsville, Indiana.
      2119 E Morgan St, Martinsville, IN 46151
      View Details
    • $380,000
      2,580 SF

      Corner Lot Mixed-Use Building

      High-visibility corner lot suitable for retail, office, or auto businesses.
      709 Morton Ave, Martinsville, IN 46151
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic location, divisible parcels.
    Where is this land located?
    The property is located at 1313 Morton Ave Martinsville, IN.
    What are key features of this property?
    This property features: Excellent I-69 access.; Convenient location near one of only two easy I-69 interchanges in Martinsville.; High visibility near new Taco Bell and McDonald's.
    Request Owner's contact information
    1313 Morton Ave Martinsville, IN 46151
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1313 Morton Ave
    Martinsville, IN 46151
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1313 Morton Ave Martinsville, IN 46151
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.