Current Use by Public Records
- Lifestyle centers
Property Details for 0 Heritage Way
- Lot size
- 4.37 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional redevelopment opportunity encompasses three prime commercial lots totaling 4.37 acres in Pendleton, Indiana. Strategically located at the intersection of Interstate 69 and West State Road 38, this property boasts unparalleled visibility and accessibility, with over 63,000 vehicles daily passing I-69 and over 11,000 on State Road 38. The lots are zoned GB (General Business District), allowing for a variety of commercial uses, including creative office space, pharmacy/drug stores, and shopping centers. All utilities are available on-site. The property benefits from recent significant infrastructure improvements, with the town of Pendleton investing $2.8 million in upgrades along State Road 38. This creates a newly improved corridor, enhancing the attractiveness and value of the property. Future development plans include a hotel on an adjacent lot (Lot Four) in 2025, and another hotel on Lot Five in the near future, further enhancing the area's commercial appeal. The asking price for the entire 4.37-acre parcel is $2,100,000. Individual lot pricing is available upon request. This is a rare chance to acquire high-value commercial land in a rapidly growing area with excellent visibility and access to major transportation arteries. The property is classified as Class A and presents a strong investment opportunity for retail and office development.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pendleton
- County
- Madison
- State
- Indiana
- Longitude
- -85.765
- Latitude
- 40.0034
