Highway 31 Sellersburg, IN 47172
- Commercial real estate
- 87.70 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Highway 31
- Lot size
- 87.70 lot acres
- Property type
- Commercial real estate
Description
This exceptional 87.7-acre property located on Highway 31 in Sellersburg, Indiana presents a unique investment opportunity. The land boasts significant commercial development potential, particularly the approximately 27 acres with I-65 frontage offering unparalleled visibility. This section is ideal for businesses seeking high traffic exposure. A significant portion of the property is suitable for recreational use, offering versatility and potential for mixed-use development. The land is currently partially farmed, with approximately 27 acres tillable and 21 acres non-tillable. There are also approximately 36 acres of woodland. The property includes roughly half a mile of Highway 31 frontage, providing excellent access and exposure. It's important to note that portions of the property fall within a partial floodway and floodplain, a factor that should be considered in any development plans. This substantial acreage offers a rare blend of commercial viability and recreational possibilities, making it an attractive proposition for developers and investors seeking a large-scale project in a desirable location. The asking price for this unique property is $475,000. Detailed surveys and environmental assessments are recommended for prospective buyers to fully understand the property's characteristics and potential development constraints.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sellersburg
- County
- Clark
- State
- Indiana
- Longitude
- -85.7527
- Latitude
- 38.4154
