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    11500 In-62 Charlestown, IN 47111

    For Sale
    $400,000

    Prime 1.23-acre development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.23-acre commercial and industrial land parcel, located at 11500 IN-62 in Charlestown, Indiana (zip code 47111), presents a remarkable opportunity for developers. Priced at $400,000 ($325,203/acre), this property boasts a highly desirable C-1 zoning designation. Situated at the main entrance to historic Charlestown, at the intersection of Highways 62 and 3, the site offers unparalleled visibility and accessibility. Existing infrastructure includes readily available utilities and a pre-installed curb cut with access road directly off Highway 62. The topography is generally level and pad-ready, minimizing site preparation costs. This property's strategic location and convenient access make it ideal for a variety of commercial developments. The parcel's APN is 10-18-09-600-056.000-004. Furthermore, the possibility exists to combine this lot with adjacent parcels to create a larger development footprint. This is a truly exceptional opportunity to acquire a ready-to-develop site in a thriving Indiana community. Ownership is of record.

    Property Features for 11500 In-62

    General Information

    Property type
    Land
    Lot Size
    53,579 SF

    HighLights

    • High‑visibility retail land for sale on Hwy 62, Charlestown, IN.
    • Excellent Hwy 62 access and visibility.
    • Utilities readily available.
    • Level, pad‑ready site.
    • Prime location at the Hwy 62/Hwy 3 intersection, main entrance to historic Charlestown.
    • Consolidable with adjacent parcels for larger projects.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Charlestown
    County
    Clark
    State
    Indiana
    Longitude
    -85.6576558
    Latitude
    38.4391263

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    FAQs

    What type of property is this?
    Land - Prime 1.23-acre development site.
    Where is this land located?
    The property is located at 11500 In-62 Charlestown, IN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: High-visibility retail land for sale on Hwy 62, Charlestown, IN.; Excellent Hwy 62 access and visibility.; Utilities readily available.
    Request Owner's contact information
    11500 In-62 Charlestown, IN 47111
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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
    11500 In-62 Charlestown, IN 47111
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