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    1137 Main St Princeton, IN 47670

    Sponsored
    For Sale
    $349,900

    Prime Residential Development Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15.13-acre parcel, located at 1137 N Main St, Princeton, Indiana 47670, presents a unique opportunity for residential development. Situated just north of Princeton High School, this property offers convenient access to local amenities and schools. The land is zoned R-4, allowing for a variety of residential construction possibilities. Its expansive size provides ample space for a substantial single-family home development project. The property's location in Gibson County, Indiana, offers a desirable setting for new homes, combining suburban tranquility with easy access to Princeton's urban conveniences. The asking price is $349,900. This is a rare chance to acquire a large, well-located tract of land ideal for creating a thriving residential community. The property's address is clearly identified as 1137 N Main St, and its geographical coordinates are 38.37171 latitude and -87.5668832 longitude. The property is classified as both commercial and residential land, offering flexibility for future development plans. This is a significant opportunity for investors seeking to capitalize on the growing demand for residential properties in this area. The existing zoning and the property's size make it an attractive proposition for developers looking to build a substantial number of homes. Serious inquiries are encouraged.

    Property Features for 1137 Main St

    General Information

    Property type
    Land
    Lot Size
    659,063 SF

    HighLights

    • $349,900 asking price.
    • 15.13‑acre land parcel.
    • R‑4 zoning.
    • Located at 1137 N Main St, Princeton, IN 47670.
    • Suitable for residential development.
    • Near Princeton High School.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Gym & Fitness Auto Repair Shop Pharmacy Skin Care Clinic Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Gibson
    State
    Indiana
    Longitude
    -87.5668832
    Latitude
    38.37171

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    FAQs

    What type of property is this?
    Land - Prime Residential Development Land
    Where is this land located?
    The property is located at 1137 Main St Princeton, IN.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: $349,900 asking price.; 15.13-acre land parcel.; R-4 zoning.
    (812) 473-6677
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    1137 Main St Princeton, IN 47670
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    Princeton, IN 47670
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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
    1137 Main St Princeton, IN 47670
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