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    720 Pillsbury Ln New Albany, IN 47150

    Sponsored
    For Sale
    $328,500

    1.23 Acres, Prime Grantline Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.233-acre commercial land parcel in New Albany, Indiana, presents a unique investment opportunity. Ideally situated on Pillsbury Lane, this property boasts a prime location within the revitalizing Grantline Road area, surrounded by existing businesses. Its versatility makes it suitable for a diverse range of commercial developments, including restaurants, strip centers, office spaces, retail establishments, or multifamily housing. The property's strategic positioning offers excellent visibility and accessibility. The site is directly across from a soon-to-be-completed Indiana trail, adding significant future value and appeal. This is a chance to be part of a thriving community and capitalize on the ongoing growth in the area. The asking price is $328,500. The property includes parcels 22-05-02-300-106.000-008, 22-05-02-300-107.000-008, and 008-42100-28, located in Floyd County, Indiana, zip code 47150. This is a rare chance to acquire a well-positioned commercial lot with significant development potential. Don't miss this opportunity to secure your place in New Albany's exciting future.

    Property Features for 720 Pillsbury Ln

    General Information

    Property type
    Land

    HighLights

    • 1.233‑acre commercial land parcel in New Albany, Indiana, priced at $328,500.
    • Prime location on Pillsbury Lane in the Grantline Road area, near existing businesses.
    • Versatile zoning suitable for restaurants, retail, offices, or multifamily development.
    • Excellent visibility and accessibility, directly across from a new Indiana trail.
    • Includes parcels 22‑05‑02‑300‑106.000‑008, 22‑05‑02‑300‑107.000‑008, and 008‑42100‑28 in Floyd County, IN 47150.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.820279
    Latitude
    38.327043

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    FAQs

    What type of property is this?
    Land - 1.23 Acres, Prime Grantline Location
    Where is this land located?
    The property is located at 720 Pillsbury Ln New Albany, IN.
    What is the asking price?
    The asking price for this property is $328,500.
    What are key features of this property?
    This property features: 1.233-acre commercial land parcel in New Albany, Indiana, priced at $328,500.; Prime location on Pillsbury Lane in the Grantline Road area, near existing businesses.; Versatile zoning suitable for restaurants, retail, offices, or multifamily development.
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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
    720 Pillsbury Ln New Albany, IN 47150
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