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    OFF-MARKET
    Commercial real estate

    Bluelick Rd Unit Lot, Memphis, IN 47143

    1.22 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.22-acre commercial lot presents a unique investment opportunity in Memphis, Indiana. Strategically located off a busy commercial and residential thoroughfare, this property boasts unparalleled visibility and accessibility. Its prime position offers immediate access to Interstate 65, a major transportation artery ensuring high traffic volume and excellent exposure for any business. The lot is currently available for sale or as a ground lease, providing flexibility for potential buyers or lessees. This versatile parcel is perfectly suited for a wide range of commercial developments, from retail establishments and restaurants to office spaces and light industrial uses. The high traffic count of the surrounding area guarantees a large potential customer base, making this an attractive proposition for businesses seeking a prominent location with strong growth potential. The property's central location within Memphis offers easy access to local amenities and a thriving community. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land opportunity. The seller is open to discussing both outright purchase and ground lease options, making this a highly adaptable investment. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly developing area.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.22 ac (53,143 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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