Memphis-Bluelick Rd, Memphis, IN 47143
This exceptional 4.6-acre commercial parcel boasts a highly desirable location directly off Interstate 65, offering unparalleled accessibility and visibility. Its strategic position provides easy access to downtown Louisville, making it an attractive site for a variety of commercial ventures. The property's zoning allows for diverse development options, including multifamily housing, a shopping center, or a fast-food restaurant. The significant acreage presents ample space for substantial construction and ample parking. This location is poised for significant growth and offers investors a rare opportunity to capitalize on its prime position within a thriving market. The property's proximity to a major interstate ensures high traffic volume and excellent exposure for any business. This presents a unique chance to establish a thriving commercial enterprise in a high-demand area. Further expansion opportunities exist with the availability of additional adjacent parcels (Listing # 2019011301, 20119011328), allowing for significant scalability and potential for future development. The asking price of $690,000 reflects the exceptional value and potential of this prime commercial land. Serious inquiries are encouraged to explore this remarkable investment opportunity. Contact us today to schedule a showing and discuss the possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.