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Property profile

Memphis-Bluelick Rd Memphis, IN 47143

OFF-MARKET
Commercial real estate
4.6 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Lot 4.6 ac (200,376 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Memphis-Bluelick Rd Memphis, IN 47143
Memphis metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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