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0 Highway 60 Sellersburg, IN 47172

OFF-MARKET Land Google Maps
0.65 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 0.65-acre commercial land parcel presents a remarkable investment opportunity in Sellersburg, Indiana. Strategically located at the southwest corner of Highway 60 and Highway 311, this property boasts excellent visibility and accessibility, situated approximately one mile from I-65 Exit 7. The B2 zoning allows for a variety of uses, including restaurants, banks, multi-tenant retail centers, and office buildings. Conceptual plans allow for the construction of a building exceeding 3,800 square feet with a drive-thru, or up to 6,300 square feet without a drive-thru. The property's prime location is further enhanced by its proximity to a thriving retail center, Hometown Plaza, and prominent businesses such as Walgreens and PNC Bank. The level topography simplifies development, and the asking price has recently been reduced to $525,000, representing a unit price of $846,153 per acre. The property's tax ID/APN is 10-09-08-800-383.000-030. This is a cash sale. The property is located in Clark County, Indiana, within the Louisville/Jefferson County MSA. This high-traffic location offers unparalleled potential for significant return on investment.

Property profile

Verified
Property type Land
Lot 0.65 ac (28,314 SF)

Cap rate & NOI

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

Value estimations

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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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