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    6420 Corydon Ridge Rd Corydon, IN 47112

    For Sale
    $4,360,000

    34.86 Acres, I-64 Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 34.86-acre commercial land parcel presents a unique investment opportunity in Corydon, Indiana. Strategically located at the I-64 exit ramp in Lanesville, this property boasts high visibility and accessibility. The land is zoned PEC and B2, offering considerable flexibility for development. Approximately 14 acres are zoned B2, situated on Crandall Lanesville Rd NE, directly at the I-64 exit ramp, ensuring maximum exposure to high traffic volume. An additional approximately 7 acres are located on the south side of Corydon Ridge Rd. The seller is open to considering the sale of sections of the property, providing options for various development scales. The property's proximity to Amazon and other established commercial businesses further enhances its value and potential. Natural gas infrastructure is scheduled for installation in the area, adding another significant advantage. Ideal for a variety of commercial ventures, including a gas station, hotel, or strip center, this property invites developers to bring their vision to life. The asking price is $4,360,000. This is a rare opportunity to acquire a substantial commercial land holding in a rapidly growing area.

    Property Features for 6420 Corydon Ridge Rd

    General Information

    Property type
    Land
    Lot Size
    1,518,502 SF

    HighLights

    • $4,360,000 asking price.
    • 34.86‑acre commercial land parcel.
    • Located in Corydon, IN, 47112, at 6420 Corydon Ridge Rd NE.
    • Zoned PEC and B2.
    • Near I‑64 exit ramp, across from Amazon and other businesses.
    • Seller may consider selling in sections.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Hotel & Motel Accounting Firm Travel Agency Bed & Breakfast Pet Supply Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Corydon
    County
    Harrison
    State
    Indiana
    Longitude
    -86.005162
    Latitude
    38.2603099

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    FAQs

    What type of property is this?
    Land - 34.86 Acres, I-64 Visibility
    Where is this land located?
    The property is located at 6420 Corydon Ridge Rd Corydon, IN.
    What is the asking price?
    The asking price for this property is $4,360,000.
    What are key features of this property?
    This property features: $4,360,000 asking price.; 34.86-acre commercial land parcel.; Located in Corydon, IN, 47112, at 6420 Corydon Ridge Rd NE.
    Request Owner's contact information
    6420 Corydon Ridge Rd Corydon, IN 47112
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    Corydon, IN 47112
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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
    6420 Corydon Ridge Rd Corydon, IN 47112
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