614 Union St Westfield, IN 46074
This exceptional .54-acre corner lot in Westfield, Indiana, presents a unique redevelopment opportunity. Located at 614 N Union Street, directly across from Westfield High School, this property benefits from its prime position within a rapidly growing downtown area. Currently zoned SF3, the lot offers significant potential for various development projects. The property's history as a former gas station is well-documented, with underground tanks having been filled and a completed environmental report readily available for review, ensuring a streamlined development process. The existing single-family residence is currently owner-occupied. The property's 0.54-acre size provides ample space for a variety of development plans, while its high-visibility corner location ensures maximum exposure. This is an exceptional chance to capitalize on Westfield's thriving community and burgeoning real estate market. The asking price is $689,000. Hamilton County location and 46074 zip code. Serious inquiries only.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.