3124 W Smith Valley Rd, Greenwood, IN 46142
For Sale
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This exceptional 2-acre commercial land parcel, located at 3124 W Smith Valley Rd in Greenwood, Indiana (46142), presents a unique investment opportunity. Zoned C-2, this property offers high visibility and significant traffic counts, boasting adjacency to CVS and proximity to Menards. Future development plans include a new connecting drive to Marlin Drive and a major Smith Valley Road upgrade tied to the I-69/I-65 interchange. The property's strategic location within the thriving Center Grove community makes it perfect for a variety of uses, including office space, retail establishments, restaurants, or car washes. The APN is 410335044031000041. While the current listing includes approximately 2 acres, there's potential for expansion with additional acreage available to the west. Three adjacent parcels totaling 2.9 acres are also available to the east. Showings require 24-hour advance notice. Please respect tenants and avoid unscheduled visits. Asking price is $995,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.