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    888 In-3 Lexington, IN 47138

    Sponsored
    For Sale
    Contact for pricing

    Three 2-acre commercial lots, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents a unique investment opportunity in Lexington, Indiana. The property, encompassing a total of 8.626 acres, is strategically located at the high-traffic intersection of State Road 3 and 56. This prime location offers excellent visibility and accessibility, situated approximately 7 miles east of Scottsburg, Indiana and I-65 Exit 29, and 14 miles west of Madison, Indiana. The land is zoned for commercial use, making it ideal for a variety of development projects. The property is divided into three parcels, each approximately 2 acres in size. Parcel A and Parcel B are each priced at $300,000, while Parcel C is offered at $275,000. Alternatively, the entire 8.626-acre site is available for purchase at $900,000. Potential uses include, but are not limited to, convenience stores, gas stations, dollar stores, other retail establishments, or self-storage facilities. The property's APN is 72-06-17-500-005.000-005 + 72-06-17-200-029.000-005. This is a rare opportunity to acquire highly desirable commercial land in a rapidly growing area. Don't miss out on this chance to secure a prime location for your next venture. The address is 888 IN-3, Lexington, IN 47138.

    Property Features for 888 In-3

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Retail land for sale in Lexington, IN, totaling 8.63 acres, comprised of three 2‑acre parcels and one larger parcel.
    • Parcel A: 2 acres, priced at $300,000.
    • Parcel B: 2 acres, priced at $300,000.
    • Parcel C: 2 acres, priced at $275,000.
    • The entire 8.63‑acre site is available for $900,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lexington
    County
    Scott
    State
    Indiana
    Longitude
    -85.6556534
    Latitude
    38.7061345

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    FAQs

    What type of property is this?
    Land - Three 2-acre commercial lots, prime location.
    Where is this land located?
    The property is located at 888 In-3 Lexington, IN.
    What are key features of this property?
    This property features: Retail land for sale in Lexington, IN, totaling 8.63 acres, comprised of three 2-acre parcels and one larger parcel.; Parcel A: 2 acres, priced at $300,000.; Parcel B: 2 acres, priced at $300,000.
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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
    888 In-3 Lexington, IN 47138
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