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    Coral St Salem, IN 47167

    For Lease
    $65,000

    Prime 1-acre commercial lot, high visibility.

    Lot size:
    50,530 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Salem. Ideally situated on a corner lot, this property boasts unparalleled visibility and accessibility, directly across from established businesses such as Taco Bell and Walmart, ensuring high traffic flow and significant brand exposure. The site's strategic location makes it perfect for a variety of commercial uses, particularly coffee shops or quick-service restaurants (QSRs) seeking a high-traffic location. The lease includes three contiguous parcels, offering flexibility in development and site planning. The property's zoning is designated as Commercial, simplifying the permitting process for suitable businesses. The combined parcels are identified by the following APNs: 88-24-16-221-005.000-022, 88-24-16-222-001.001-022, and 88-24-16-221-004.000-022. This is a single-tenant property, providing a clear and straightforward lease agreement. The cross street is Pearl. Don't miss this chance to secure a prime location in a thriving commercial area. Contact us today to learn more about this exceptional opportunity.

    Property Features for 0 Coral St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,530 SF
    Total Rate
    65000

    Unit(s) available at that property

    Space
    Size
    50,530 SF
    Rate per SF
    $65,000

    HighLights

    • 1 Acre commercial land parcel for lease.
    • Single‑tenant occupancy.
    • Located on a corner lot with high visibility across from Taco Bell and Walmart.
    • Ideal for coffee shop or quick‑service restaurant (QSR).
    • Includes three parcels: APN 88‑24‑16‑221‑005.000‑022, 88‑24‑16‑222‑001.001‑022, and 88‑24‑16‑221‑004.000‑022.
    • Commercially zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.0839556
    Latitude
    38.6161922

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    FAQs

    What type of property is this?
    Land - Prime 1-acre commercial lot, high visibility.
    Where is this land located?
    The property is located at Coral St Salem, IN.
    What is the lease rate?
    The lease rate is $65,000.
    What are key features of this property?
    This property features: 1 Acre commercial land parcel for lease.; Single-tenant occupancy.; Located on a corner lot with high visibility across from Taco Bell and Walmart.
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    Coral St Salem, IN 47167
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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
    Coral St Salem, IN 47167
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