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    Coral St Salem, IN 47167

    For Sale
    $650,000

    Prime 1.16-acre commercial lot in Salem, IN.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.16-acre commercial land parcel, located in Salem, Indiana, presents a unique investment opportunity. Priced at $650,000, this property is ideally suited for a variety of commercial ventures, including quick-service restaurants (QSRs), single retail establishments, or coffee shops. The property's zoning is designated as Commercial, ensuring flexibility for diverse development plans. The lot size provides ample space for construction and potential expansion. The sale includes three parcels, with APN numbers 88-24-16-221-005.000-022, 88-24-16-222-001.001-022, and 88-24-16-221-004.000-022. Situated on Coral Street in Washington County, Indiana, with a zip code of 47167, this location offers excellent visibility and accessibility. The geographic coordinates are 38.6161922 latitude and -86.0839556 longitude. This property represents a compelling opportunity for investors seeking a strategically located commercial site with significant development potential in a thriving Indiana community. Don't miss this chance to acquire a prime piece of commercial real estate in Salem.

    Property Features for 0 Coral St

    General Information

    Property type
    Land
    Lot Size
    50,530 SF

    HighLights

    • 1.16‑acre commercial land parcel in Salem, IN, priced at $650,000.
    • Suitable for QSRs, retail, or coffee shops; commercially zoned.
    • Three parcels included (APN: 88‑24‑16‑221‑005.000‑022, 88‑24‑16‑222‑001.001‑022, 88‑24‑16‑221‑004.000‑022).
    • Excellent visibility and accessibility on Coral Street, Salem, IN 47167.
    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 1.16-acre commercial lot in Salem, IN.
    Where is this land located?
    The property is located at Coral St Salem, IN.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 1.16-acre commercial land parcel in Salem, IN, priced at $650,000.; Suitable for QSRs, retail, or coffee shops; commercially zoned.; Three parcels included (APN: 88-24-16-221-005.000-022, 88-24-16-222-001.001-022, 88-24-16-221-004.000-022).
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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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