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    38Th St Anderson, IN 46013

    Sponsored
    For Sale
    $329,000

    7.7-Acre Commercial Lot, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.7-acre commercial lot presents a significant development opportunity in Anderson, Indiana. Located at 0 E 38th St., this property boasts a prime location at a busy intersection, ensuring high visibility and accessibility. The land is largely flat and vacant, ready for immediate development. The property features a mixed zoning designation, combining B2 (General Business District) and I3 (Industrial Reserved District) classifications. Approximately half the land is zoned B2, allowing for a wide range of business and service uses, including warehouse and storage facilities, light industrial operations, and residential development (single-family, double-family, and multi-family). The I3 zoning, while potentially requiring special exceptions, is suited for industrial development. The strategic location is surrounded by a mix of established businesses, including a grocery store, gas station, and retail outlets, as well as residential properties. Municipal utilities are readily available, simplifying the development process. This property offers unparalleled potential for investors and developers seeking a high-traffic, versatile location in a thriving community. The asking price is $329,000, and the APN is 48-12-30-202-001.000-003. This is a rare opportunity to acquire a substantial commercial parcel in a desirable area of Anderson, Indiana, with excellent potential for a variety of uses.

    Property Features for 0 38Th St

    General Information

    Property type
    Land

    HighLights

    • $329,000 asking price.
    • 7.7‑acre commercial land parcel.
    • B2/I3 zoning, allowing for diverse commercial and light industrial uses, including residential.
    • Located at 0 E 38th St., Anderson, IN 46013 (APN: 48‑12‑30‑202‑001.000‑003).
    • High daily traffic count at a major Anderson intersection, near retail, residential, and gas station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.6559398
    Latitude
    40.076464

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    FAQs

    What type of property is this?
    Land - 7.7-Acre Commercial Lot, High Traffic
    Where is this land located?
    The property is located at 38Th St Anderson, IN.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: $329,000 asking price.; 7.7-acre commercial land parcel.; B2/I3 zoning, allowing for diverse commercial and light industrial uses, including residential.
    (765) 888-7653
    Request Owner's contact information
    38Th St Anderson, IN 46013
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    Anderson, IN 46013
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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
    38Th St Anderson, IN 46013
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