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    1379 Morton Ave Martinsville, IN 46151

    For Sale
    $900,000

    Prime 1.83-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 1.83-acre commercial land parcel presents a unique investment opportunity in Martinsville, Indiana. Located at 1379 Morton Ave, this property boasts a highly desirable B-2 zoning classification, offering a wide range of development possibilities. Its strategic location provides unparalleled visibility and accessibility, situated directly on SR 37 and less than a quarter-mile from the proposed I-69 interchange. This proximity ensures exceptional exposure to a large volume of traffic, making it an ideal site for businesses seeking high visibility and convenient access to major transportation routes. The lot size is substantial, providing ample space for a variety of commercial projects. All essential utilities, including gas, sewer, and water, are readily available at the site, simplifying the development process and reducing upfront costs. The asking price for this prime commercial land is $900,000, translating to approximately $546,448 per acre, reflecting its exceptional location and development potential. The property's APN is 551308200002100021. Don't miss this chance to acquire a highly sought-after commercial property in a rapidly growing area.

    Property Features for 1379 Morton Ave

    General Information

    Property type
    Land
    Lot Size
    79,715 SF

    HighLights

    • 1.83‑acre commercial land parcel in Martinsville, Indiana, located at 1379 Morton Ave.
    • B‑2 zoning allows diverse development options.
    • High visibility and accessibility due to SR 37 frontage and proximity to the proposed I‑69 interchange.
    • Ample space for various commercial projects.
    • All utilities (gas, sewer, water) readily available.
    • Asking price: $900,000 ($546,448/acre).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.4426304
    Latitude
    39.4062875

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    FAQs

    What type of property is this?
    Land - Prime 1.83-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 1379 Morton Ave Martinsville, IN.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 1.83-acre commercial land parcel in Martinsville, Indiana, located at 1379 Morton Ave.; B-2 zoning allows diverse development options.; High visibility and accessibility due to SR 37 frontage and proximity to the proposed I-69 interchange.
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    Martinsville, IN 46151
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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
    1379 Morton Ave Martinsville, IN 46151
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