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    8 Cumberland Dr Washington, IN 47501

    For Sale
    Contact for pricing

    Two-acre commercial lot, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional two-acre commercial lot, zoned C-4, presents a remarkable opportunity for development. Located at 8 Cumberland Drive in Washington, Indiana (47501), this property boasts a prime location within city limits, offering convenient access to major roadways and essential amenities. Previously slated for a 73-room hotel, significant groundwork has already been completed, including the pouring of a concrete slab. Detailed architectural drawings for the hotel project are also available. City utilities are readily accessible, eliminating the need for extensive infrastructure development. The property's strategic location places it directly across from the Baymont Inn & Suites, ensuring high visibility and proximity to a thriving commercial corridor. Nearby businesses include a Walmart Supercenter, Chuckles Food Mart, Burger King, a Quick Care Clinic, and a Papa John's, indicating strong consumer traffic and a robust local economy. The APN is 14-13-03-301-015.003-016. This is an ideal site for a hotel, apartment complex, or other commercial venture, offering significant cost savings and a head start on construction. Don't miss this chance to capitalize on a pre-planned development in a high-demand area.

    Property Features for 8 Cumberland Dr

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • 2‑acre commercial land parcel in Washington, IN.
    • C‑4 zoning.
    • APN: 14‑13‑03‑301‑015.003‑016.
    • Located on Cumberland Dr., across from Baymont Inn & Suites.
    • City utilities available.
    • Near Walmart, Burger King, and other businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Daviess
    State
    Indiana
    Longitude
    -87.176612
    Latitude
    38.631808

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    FAQs

    What type of property is this?
    Land - Two-acre commercial lot, ready to build.
    Where is this land located?
    The property is located at 8 Cumberland Dr Washington, IN.
    What are key features of this property?
    This property features: 2-acre commercial land parcel in Washington, IN.; C-4 zoning.; APN: 14-13-03-301-015.003-016.
    (812) 474-1900
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    8 Cumberland Dr Washington, IN 47501
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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
    8 Cumberland Dr Washington, IN 47501
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